The majority of federal discretionary spending is now eaten up by the Pentagon budget. Social Security and veterans' benefits help many. Excessive military spending benefits narrow special interests, which have had disproportionate voice in Washington. It's time to have a spending policy that benefits the 99% and that means cutting the bloated Pentagon budget, not Social Security and veterans' benefits.
Some people in Washington want to cut Social Security and veterans' benefits, by cutting the cost-of-living adjustment. But there's a better way to cut government debt than cutting Social Security and veterans' benefits: cut the bloated Pentagon budget.
Not only would that protect Social Security and veterans' benefits, it would save 380,000 jobs. And cutting the Pentagon budget would mean less war in the future: the Pentagon wouldn't have the money to occupy other people's countries.
The Economic Policy Institute has estimated that the budget proposed by Mitt Romney's running mate Paul Ryan, chair of the House Budget Committee, would destroy 4.1 million jobs by cutting $404 billion of domestic spending by 2014. But any proposal to cut domestic spending is going to destroy jobs, not just Ryan's proposal.