Bush’s Permanent War Economy Must Crash (before it endangers you and your bank account even more)
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Heather WokuschWant to meet our members? Click 'Join' above!
Bush’s Permanent War Economy Must Crash (before it endangers you and your bank account even more)
“WAR is a racket. It always has been.” - Major General Smedley Butler
The Bush administration’s military adventurism and the economy are two issues expected to impact next week’s US midterm vote, yet we ignore their interplay at our peril.
Bush’s endless war on terror requires a permanent war economy, with taxpayers subsidizing the military industry at the expense of domestic social programs and global security. In 2000, for example, the US military budget was roughly $289 billion, but the administration’s military budget request for 2007 has soared to $462.7 - and that doesn’t even include funding for military operations in Iraq or Afghanistan.
The term “permanent war economy” was coined in the mid-1940’s by the former CEO of a General Electric subsidy, who called for increased subsidies and corporate control over the military industry. But this administration has taken the collusion of militarism and profiteering to new and dangerous levels.
Quickly after becoming president, for example, Bush rejected the Comprehensive Test Ban Treaty forbidding nuclear-test explosions, thus encouraging other holdouts (such as North Korea) to use US intransigence as justification for building up their own nuclear-weapon programs. He withdrew from the Anti-Ballistic Missile Treaty in 2001, requesting billions for a boondoggle missile “defense” program instead. He abandoned the Biological Weapon Convention draft Protocol which bans the development and use of biological weapons, and he balked at an international agreement to limit the Illicit Trade in Small Arms and Light Weapons. Bush also ignored the Nuclear Non-Proliferation Treaty by repealing the ban on low-yield nuclear weapons and pumping funding into nuclear weapons programs.
Just last week, the administration rejected future arms-control agreements for outer space, and even more glaringly, the US became the only country in the United Nations General Assembly to vote against a global Arms Trade Treaty. A full 139 countries voted for the Treaty, which aims at limiting weapons transfers to conflict areas and keeping weapons out of the hands of major human rights abusers. Scandalously, only the US voted against it.
Bush’s rejection of arms control agreements and heavy funding of domestic weapons programs has been exacerbated by a stunning lack of regulatory controls. Just a few examples:
· A federal report released last month revealed that the US military has not properly tracked almost half a million weapons (ranging from rocket-propelled grenade launchers to machine guns to sniper rifles) meant for Iraqi security forces; it can be assumed that at least some of those weapons were subsequently used against US forces.
· A few years ago, the Y-12 nuclear weapons plant in Tennessee reported missing 200 keys to protected areas. This discovery followed reports of missing master keys in both the Sandia National Laboratory in New Mexico and the Lawrence Livermore National Laboratory in California.
· In early 2004, news also surfaced that security personnel guarding the nation's nuclear stockpiles, including tons of enriched uranium at Y-12, had been cheating on their antiterrorism drills. An Energy Department investigation discovered that contract security guards at the Y-12 plant had been given access to computer models of antiterrorism drill strikes in advance, thus rendering the tests useless.
· In July 2004, all classified work at Los Alamos National Laboratory in New Mexico was temporarily stopped due to a security breach; two "removable data storage devices" with top-secret information couldn’t be located. Arguably even more troubling, in June 2006, it was revealed that the National Nuclear Safety Administration (NNSA) database had been hacked and the personal records of at least 1,500 employees and contractors stolen. The NNSA amazingly took over seven months to report the theft to the Energy Department.
Sloppiness in weapons oversight is just one result of the Bush administration’s war-based economy; a decimated domestic budget is another. When Bush took office in 2001, for example, the annual surplus was $284 billion. He turned that surplus into a deficit of $248 billion by 2006, a staggering loss of over $530 billion in five short years.
And more tough times are ahead. Analysts warn that the US economy is heading for a “correction” in the winter (i.e. post-election nosedive), due to a variety of factors: out-of-control military spending, an unsustainable housing bubble, Asian lenders increasingly eager to dump US assets, and the Bush administration’s inclination to stop propping up the economy if the resulting downturn can be blamed on the Democrats come 2008.
Yet few politicians are addressing these bread-and-butter issues. So before you head to the polls next week, make sure that your preferred candidates understand the dangers of Bush’s permanent war economy – your financial future, if not your life, may depend on it.
Action Ideas:
1. Read Major General Smedley Butler’s 1935 classic “War Is a Racket”
2. Learn about Cracking Down on War Profiteering and ending the Culture of Corruption in Government Contracting at www.CorporatePolicy.org. Find out which industries fund your congressional candidates at www.OpenSecrets.org. Learn more about the arms trade and military expenditure at www.GlobalIssues.org. An excerpt from fiscal year 2005:
· The US military budget was almost 29 times as large as the combined spending of the six "rogue" states (Cuba, Iran, Libya, North Korea, Sudan and Syria) who spent $14.65 billion.
· The United States and its close allies accounted for some two thirds to three-quarters of all military spending, depending on who you count as close allies (typically NATO countries, Australia, Canada, Israel, Japan and South Korea)
This article was partially excerpted from The Progressives Handbook: Get the Facts and Make a Difference Now (Volume 1). Heather can be reached at www.heatherwokusch.com
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Comments
The dollar is just a worthless piece of paper
Since George W. Bush and the Republican congress have wasted 9 trillion dollars, which is every cent in the U.S. Treasury and more(This includes the $5 Trillion left in the Treasury when President Bill Clinton left office) we have relied on the support of China, Japan,England,Korea and anybody else that will lend us money to keep the war in Iraq and Afghanistan going. Now China has balked at buying any more American bonds because their leaders say that the dollar is"Just a worthless piece of paper."I predict that the United States will start the snowball rolling that results in the Second Great Depression because of the idiocy of this president and this Republican congress.Nobody seems to be worried about that but then they weren't worried about it in 1929 after the three Republican stooges presidents Warren G.Harding, Calvin Coolidge, and Herbert Hoover all in succession ruined the American economy because they are mathemagicians when it comes to actual accounting practices and procedures and establishing sound national policies.
Everybody had better start storing up lots of canned goods to get them thru the Greater Depression if the Republicans manage to steal enough elections to control congress for several more years.
Latest idea is tax refunds to stimulate economy
Ok so bush's idea is to get the fed to lower interest rates again and also bush wants to give us refunds so we will go spend it and stimulate the economy. What I want to know is where does that money come from? Social Security? Medicare? the numbers these guys are always tossing around are amazing. Is it real money or magic money? I mean if you are a business or a person you are usually in trouble when you are moving the same money around to different places are you not? Is there any accountability anymore cause there are sure some fancy accounting practices that the real world is apparantly not as familiar with seemingly going on. What is up with that?