Let's get a real president in there.
From Zerohedge
Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts
Tuesday, April 26, 2011
Sunday, November 14, 2010
US defense spending bringing down an empire
From RT.
With US debt skyrocketing to $13.5 trillion, the rallying cry from Washington is to cut spending. But many politicians refuse to address defense spending.
Defense spending accounts for 58 percent of the discretionary pie, more than a trillion dollars a year all-in, or almost half of what the entire rest of the world spends combined.
With the US relying on countries like China to fund its wars and military bases around the world, even members of the Washington establishment are saying the US is bringing on its own demise as an imperial power through excessive spending it can no longer afford.
With US debt skyrocketing to $13.5 trillion, the rallying cry from Washington is to cut spending. But many politicians refuse to address defense spending.
Defense spending accounts for 58 percent of the discretionary pie, more than a trillion dollars a year all-in, or almost half of what the entire rest of the world spends combined.
With the US relying on countries like China to fund its wars and military bases around the world, even members of the Washington establishment are saying the US is bringing on its own demise as an imperial power through excessive spending it can no longer afford.
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