Going Bankrupt: Why the Debt Crisis Is America's Greatest Threat

Some of the damage done can never be rectified. There are, however, some steps that this country urgently needs to take. These include reversing Bush's 2001 and 2003 tax cuts for the wealthy, beginning to liquidate our global empire of over 800 military bases, cutting from the defense budget all projects that bear no relationship to the national security of the United States, and ceasing to use the defense budget as a Keynesian jobs program. If we do these ... Full Story »

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Rebecca Hale
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by Rebecca Hale - Oct. 1, 2008

United States spends 10 times as much as China on military expenditures. Additionally, a large amount of the acknowledged defense budget is "black," meaning that on top of the over $620 billion per year they admit to allocating for their contracts, there are large sections of the budget containing authorized expenditures for even more, classified projects. Classified projects do not allow for public oversight of budget, operations, and outcomes. Military strategy of not only siphoning critical resources into their own projects while blocking access of non-military assets to jobs, funding and resources, is having a debilitating effect on all Americans. So whatever "they" are "defending", it is not the daily quality of life for the majority of people in this country. The defense industry needs a wake up call, and an allowance cut. Then back to school, for lessons in overcoming an addiction to bullying.

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