Economic Effects of Reductions in Defense Outlays

Several recent studies have attempted to estimate the supposedly adverse economic and employment effects of reductions in government spending generally, and defense outlays in particular. Such studies have tended to exaggerate the harmful effects of spending cuts and have ignored or understated the beneficial effects associated with redirecting resources to more productive uses. In this essay, Benjamin Zycher, Benjamin Zycher is a senior fellow at the Pacific Research Institute and visiting scholar at the American Enterprise Institute, examines the prospective economic effects of a reduction below the current baseline in defense outlays of $100 billion per year over 10 years. CLICK HERE

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Courtesy of the New Priorities Network

Katerina Canyon

Katerina Canyon serves as Executive Director of the Peace Economy Project, where she combines her passion for community advocacy, creative expression, and social justice to challenge militarization and uplift human-centered policy. Drawing on experience in tech, nonprofits, and international communication, she leads research and organizing focused on peace, accountability, and community investment. She is also a poet whose work explores trauma, resilience, and collective healing.