Monday, August 8, 2011

US READY TO FIGHT TO ITS LAST IOU



By Eric Margolis

"...Halving the Pentagon budget would only take it back to pre-9/11 days. Wars and vast buildup of internal and external security forces under President George W Bush left a budget deficit of $6.1 trillion, just about equal to the combined deficits of all US presidents since Jimmy Carter to Obama.

But no one has yet come up with a way to halt this military-industrial juggernaut. While benefits of the poor and elderly are to be cut, the Pentagon is trying to forge ahead with its $1 trillion F-35 fighter purchase. Why not just call up Moscow and Beijing and say, “hey, if you don’t build any new generation stealth fighters, we won’t either.”

Fat chance. The military-industrial complex and Wall Street supply the lion’s share of political contributions. Jobs in every state depend on continued military production.

US Defense Secretary Leon Panetta is already warning the nation’s security is in danger if Pentagon budgets are cut. From whom, we must ask. Are Red Chinese troops about to land in Los Angeles? Are the Russians going to grab Hawaii?

Well, there are always the lurking Muslims whose nefarious plans to impose a caliphate over the USA can only be stopped by new stealth heavy bombers."

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