Going Bankrupt: Why the Debt Crisis Is America's Greatest Threat

Some of the damage done can never be rectified. There are, however, some steps that this country urgently needs to take. These include reversing Bush's 2001 and 2003 tax cuts for the wealthy, beginning to liquidate our global empire of over 800 military bases, cutting from the defense budget all projects that bear no relationship to the national security of the United States, and ceasing to use the defense budget as a Keynesian jobs program. If we do these ... Full Story »

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5.0
by Mike Carlson - Jan. 25, 2008

Anyone unfamiliar with the magical mystery tour that is the defense budget would do well to study this outstanding analysis of the impact of excessive spending on our economy. 60 years of drunken spending on the military industrial complex will taken the U.S. oil hegemony down the same lane as the British, Dutch, and Spanish. Were he alive today, Dwight Eisenhow would be justified in issuing the loudest "I told you so!" ever uttered.

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