Tuesday, August 28, 2007

So you think the US economy is healthy?

http://www.youtube.com/watch?v=KGpY2hw7ao8
http://onlinejournal.com/artman/publish/article_1948.shtml
http://www.austinchronicle.com/gyrobase/Issue/column?oid=oid%3A494048
http://www.marketoracle.co.uk/Article1204.html?ref=patrick.net

The US has spent its money on a military that is larger than ALL the other militaries in the world combined. And we still can't keep an army in Iraq.
The Bush administration has given huge tax cuts to the wealthy, thus starving the federal coffers. Meanwhile, it borrows like crazy, which means that this year we spend billions in interest that we wouldn't need to pay if we'd just pay-as-you-go in federal buying.
We need to strangle the military industrial complex, put that money toward the federal debt, drop the tax breaks for the rich, and start building up our infrastructure again.

1 comment:

RoseCovered Glasses said...

I am a 2 tour Vietnam Veteran who recently retired after 36 years of working in the Defense Industrial Complex on many of the weapons systems being used by our forces as we speak. I believed another Vietnam could be avoided with defined missions and the best armaments in the world.

It made no difference.

We have bought into the Military Industrial Complex (MIC). If you would like to read how this happens please see:

http://www.vanityfair.com/politics/features/2007/03/spyagency200703

Through a combination of public apathy and threats by the MIC we have let the SYSTEM get too large. It is now a SYSTEMIC problem and the SYSTEM is out of control. Government and industry are merging and that is very dangerous.

There is no conspiracy. The SYSTEM has gotten so big that those who make it up and run it day to day in industry and government simply are perpetuating their existance.

The politicians rely on them for details and recommendations because they cannot possibly grasp the nuances of the environment and the BIG SYSTEM.

So, the system has to go bust and then be re-scaled, fixed and re-designed to run efficiently and prudently, just like any other big machine that runs poorly or becomes obsolete or dangerous.

This situation will right itself through trauma. I see a government ENRON on the horizon, with an associated house cleaning.

The next president will come and go along with his appointees and politicos. The event to watch is the collapse of the MIC.

For more details see:

http://rosecoveredglasses.blogspot.com/2006/11/odyssey-of-armaments.html