Monday, January 28, 2008

U$ Military Spending Tops $1 Trillion Per Year!

Following on from my last post about the cost of war...For the first time in history, U$ military spending is going to top $1 trillion. That's not all, At the end of 2007 the U$ Treasury announced that their national debt had breached the $9 trillion mark. Makes Northern Rock look like a piss in the water;

It is virtually impossible to overstate the profligacy of what our government spends on the military. The Department of Defense's planned expenditures for fiscal year 2008 are larger than all other nations' military budgets combined. The supplementary budget to pay for the current wars in Iraq and Afghanistan, not part of the official defense budget, is itself larger than the combined military budgets of Russia and China. Defense-related spending for fiscal 2008 will exceed $1 trillion for the first time in history. The United States has become the largest single salesman of arms and munitions to other nations on Earth. Leaving out of account President Bush's two on-going wars, defense spending has doubled since the mid-1990s. The defense budget for fiscal 2008 is the largest since World War II....Such expenditures are not only morally obscene, they are fiscally unsustainable.


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