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xmas13

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Going bankrupt: The US's greatest threat

01-23-2008, 08:47 AM

http://www.atimes.com/atimes/Middle_East/JA24Ak04.html

Jan 24, 2008
DISPATCHES FROM AMERICA
Going bankrupt: The US's greatest threat
By Chalmers Johnson
The military adventurers of the George W Bush administration have much in common with the corporate leaders of the defunct energy company Enron. Both groups of men thought that they were the "smartest guys in the room", the title of Alex Gibney's prize-winning film on what went wrong at Enron. The neo-conservatives in the White House and the Pentagon outsmarted themselves. They failed even to address the problem of how to finance their schemes of imperialist wars and global domination.

US spending for its military establishment during the current fiscal year (2008), conservatively calculated, to at least $1.1 trillion.

Sad article on the U.S. "military Keynesianism".

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dready

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#2

01-23-2008, 08:54 AM

Nice, the IRS for the 2006 tax year collected $2.2T, and they spend $1.1T on guns.

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The Judge

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#3

01-23-2008, 08:58 AM

The spending on iraq is still less than 1% of the GDP, people like to make big shit out of it but in reality it's peanuts.
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cherrylula

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#4

01-23-2008, 08:59 AM

Dick Cheney has it all under control.
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dready

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#5

01-23-2008, 09:01 AM

Originally posted by The Judge

The spending on iraq is still less than 1% of the GDP, people like to make big shit out of it but in reality it's peanuts.

It's 50% of your income taxes. That's peanuts? Wouldn't you rather keep half the money you give them?

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xmas13

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#6

01-23-2008, 09:04 AM

$1,100,000,000,000

= 2% of the World's GDP ($46.66 trillion).

Last edited by xmas13; 01-23-2008, 09:06 AM.

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12clicks

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#7

01-23-2008, 09:08 AM

I'm thinking its a problem for our creditors.

I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.
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mike-al

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#8

01-23-2008, 09:09 AM

Originally posted by dready

It's 50% of your income taxes. That's peanuts? Wouldn't you rather keep half the money you give them?

Oh I learn something here, all this whining and bs going around of stop killing the troops, stop the war, stop the killing, it isnt right....

Turns out to be one giant phoney cry from some cheap people who think they can actually save $500-$2000 a year from going to the government?

Thanks for sharing!

Delete this account, i am done here
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dready

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#9

01-23-2008, 09:13 AM

Originally posted by mike-al

Oh I learn something here, all this whining and bs going around of stop killing the troops, stop the war, stop the killing, it isnt right....

Turns out to be one giant phoney cry from some cheap people who think they can actually save $500-$2000 a year from going to the government?

Thanks for sharing!

$2000

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notoldschool

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#10

01-23-2008, 09:14 AM

Originally posted by mike-al

Oh I learn something here, all this whining and bs going around of stop killing the troops, stop the war, stop the killing, it isnt right....

Turns out to be one giant phoney cry from some cheap people who think they can actually save $500-$2000 a year from going to the government?

Thanks for sharing!

#1

Originally posted by The Judge

The spending on iraq is still less than 1% of the GDP, people like to make big shit out of it but in reality it's peanuts.

#2

No doubt one may quote history to support any cause, as the devil quotes scripture.
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xmas13

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#11

01-23-2008, 09:23 AM

It's a pretty long article on military spending, but every taxpayer has the right to know about the Federal Government top priorities, weaponry and debt.

Remember this next time you visit a hospital without overpriced private insurance or see the elderly working at local Wal-Mart to pay for their medicine.

Remember this as well when you fill up your gas tank or during California next power shortage.

Remember this when one of your relatives will end up in Iraq and not come back.

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L-Pink

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#12

01-23-2008, 09:26 AM

Originally posted by dready

It's 50% of your income taxes. That's peanuts? Wouldn't you rather keep half the money you give them?

I don't know the breakdown expense wise but if that's our military budget we would have spent most of it anyway, even a standing army is expensive.
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tranza

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#13

01-23-2008, 09:27 AM

Uhmmm... That's no good.

I'm just a newbie.
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xmas13

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#14

01-23-2008, 09:35 AM

I donated money to George W. Bush Jr. in 2000 and 2004, supported Republicans, operate a not-for-profit site for federal government jobs in the Military, and my wallpaper is a Department of Defense seal with U.S. troops.

But like many, i'm getting increasingly frustrated with this mismanaged and bureaucratic government.

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L-Pink

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#15

01-23-2008, 09:38 AM

Originally posted by xmas13

I donated money to George W. Bush Jr. in 2000 and 2004, supported Republicans, operate a not-for-profit site for federal government jobs in the Military, and my wallpaper is a Department of Defense seal with U.S. troops.

But like many, i'm getting increasingly frustrated with this mismanaged and bureaucratic government.
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xmas13

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#16

01-23-2008, 09:38 AM

"I wrote the Republican Party's foreign policy platform."
Bruce P. Jackson, vice president of Lockheed-Martin between 1993-2001, at the Republican Convention in 2000.

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notoldschool

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#17

01-23-2008, 09:47 AM

Originally posted by xmas13

"I wrote the Republican Party's foreign policy platform."
Bruce P. Jackson, vice president of Lockheed-Martin between 1993-2001, at the Republican Convention in 2000.

No wonder we had shit for equipment in the Balkans. It was nice to see brown and root guys getting paid 10x more than us for doing 10x less though.

No doubt one may quote history to support any cause, as the devil quotes scripture.
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