War and Wall Street

Posted: Friday, October 03, 2008

Wall Street and George Bush want the taxpayers to bail them out to the tune of $700 billion with few strings attached.

Using the same gun-to-your-head threats that stampeded us into Iraq, Bush now says that if we don't hand over $700 billion immediately, the U.S. economy will tank.

After being deceived so many times by the Bush administration,  the public, liberals, and members of Bush's own party wonder if there aren't some better alternatives.

Yet, the corporate media silence is deafening in regard to alternatives.

Right now, we are spending $651.2 billion for 2009 on the military industrial complex. This is as much, if not more, than the military budgets of all the other countries in the world combined.

The American empire has over 700 military installations around the world. The Romans had around 36, as did the British.

According to the Center for Data Analysis, "the (Iraq) war has cost $646 billion so far. The new defense budget for 2009 tacks on another $68.6 billion for Iraq and Afghanistan."

Evidently, you can't spend huge sums of money over five years and cut taxes without going deeply into debt. This doesn't require John Kenneth Galbraith or Milton Friedman to figure out.

Both of these wars were unnecessary, but our tax money is being blown so high profits can be made by Bechtel, Fluor, Lockheed Martin, Halliburton, the oil companies and other denizens of Wall Street.

It seems that the United States, as well as Wall Street, is financially over extended.

Back to alternatives - perhaps it is time we redirected some of our military budget back to the American people rather than signing up for more taxpayer debt to bail out Wall Street. With all this debt, what will the future hold for our children? Are we a nation of masochists misled by a clique of corporate sadists?

War is a major growth industry today but most of us don't profit from it. We just pay some of the bills and borrow more money from China, while the debt increases so cost plus, no-bid contracts can enrich Bush's corporate donors as our soldiers get blasted in Iraq or Afghanistan.

I know war is sacred since we must prevent the Communists, the Nicaraguans, the Viet Cong, the North Koreans, the Syrians, the Iranians, the Cubans, the Taliban, the Iraqis, the Russians, the Chinese, al Qaeda, and (you name it) from invading our country, but maybe, just maybe, we can spend less on fraud and killing and our own fear, and more on living.

We used to do it that way. Remember "Life, Liberty, and the Pursuit of Happiness"?

Lisle Hebert

Juneau



CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING