The $20-Trillion War Costs Bankrupting USSubmitted by bobbyw24 on Wed, 02/09/2011 - 07:48
Secret China war plan: trillions in U.S. debt ... Yes, Americans love war. Yes, wars cost money. And pile on debt, new taxes ... Back in the ‘40s, WWII consumed 57% of our GDP. Today, war eats up about half America's budget. We're sinking under Iraq war debt. Nobel economist Joseph Stiglitz estimates Iraq at $3 trillion, with $2 trillion for future costs, like VA medical. The Afghan war, maybe another $3 trillion. Plus endless terrorist threats. Future wars are "planned" years, even decades in advance, strategies based on Pentagon-Rand war games. America talks peace. But deep inside our collective brain is a dark monster: We're little kids who love playing war. – Paul B. Farrell/MarketWatch
Dominant Social Theme: Out of control spending must be examined and admitted so that the task of protecting the Homeland can be updated and maintained.
Free-Market Analysis: Paul Farrell, a columnist for MarketWatch (see above), reports what has been presented here as well: Perhaps 50 percent or more of America's annual, governmental spending is war-and intel-related. Add up related veterans' benefits, foreign and domestic bases, corollary and direct spending and the total closes in on US$1.5 trillion (not the US$700 billion that is often presented as the cost).