It’s estimated that, for defense and national security, the U.S. spends about one trillion dollars a year — which amounts to more than 80 percent of this year’s expected deficit.
Mitt Romney is promising to spend even more — an additional 2.1 trillion dollars over the next ten years. President Obama has called for some cuts, but is loath to challenge the premises that underlie those enormous expenses.
Why the caution? There are too many powerful interests at play — what President Dwight Eisenhower long ago portrayed as the Military-Industrial complex — interests sustained by that massive hemorrhage of American treasure. And those interests — corporations, labor unions, the pentagon, think tanks, politicians — use their massive clout to keep the torrent flowing.
Friday 5 October 2012
What You Won't Hear Debated: The Trillion-dollar Misunderstanding ☀
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More important “behind the scenes” issues that no one bothers to research.
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