Saturday, July 9, 2011

Why is America's economy in so much trouble?

The Eight Outrageous Costs Of The War On Terror by Douglas A. McIntyre and Charles B. Stockdale

"For the first time in U.S. history, America is fighting wars — in Iraq, Afghanistan, and Pakistan — funded almost entirely by U.S. government borrowing. This is according to Catherine Lutz, Professor of Anthropology and International Studies at Brown University, and author of a new study on the $4 trillion cost of the war on terror."

But that's not going to stop them:

House boosts military budget in time of austerity By Donna Cassata, Associated Press

"Money for the Pentagon and the nation's wars in Iraq and Afghanistan is proving largely immune from the budget-cutting that's slamming other government agencies in the rush to bring down the deficit."


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