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Showing posts with label national debt. Show all posts
Showing posts with label national debt. Show all posts

Wednesday, December 29, 2010

US military's wild spending continues

US military's wild spending continues.


The US federal government debt now stands at over 13 trillion dollars, yet it continued excess military spending rages forward. The economy is in shambles and it seems the military is conducting business unrestrained. Author of "America's failure in Iraq" Michael O'Brien says, "the military industrial complex that Eisenhower warned us of it because he was afraid it would grow too large, we are there now

The Pentagon's revolving door

The Pentagon's revolving door


80% of top retiring generals went to work as consultants or defense executives in 2004-'08 - an increase of 50% from a decade ago. Many work for both the Pentagon and defense contractors as consultants at the same time, a conflict of interests perhaps? Boston Globe Reporter Bryan Bender points out, America has been at war for much of the decade, the defense budget is at historically high levels and it is expected that a lot of the senior retired officers are going to be valued by the defense companies



Defense Spending Disaster

Defense Spending Disaster

As the year comes to an end, the U.S. government rings in the new year $13 trillion dollars in debt and counting. The national deficit has become a rallying call by both Republicans and Democrats to re-evaluate Washington's method of spending, however, there is one portion of the budget that just increased. In a town dominated by the military industrial complex, the defense budget is rarely questioned.


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