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IPFS News Link • Government Debt & Financing

$20-Trillion War Costs Bankrupting US


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.