Fox News reports on a new study which predicts just over 2 million jobs will be lost if automatic budget cuts, agreed to during the debt limit standoff last summer, are allowed to occur this coming January. These include over a million each due to cuts in domestic and military spending. The article quotes prominent Republicans who are decrying the jobs that will be lost if the military budget is cut.
What exactly separates this kind of spending to boost employment from other kinds of government spending to increase employment? Why is it good economic policy to pay someone a salary to guard a base, but not to teach in a school or build solar panels?
Why not a second round of stimulus?