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Monday, July 18, 2011

Why Is the Most Wasteful Government Agency Not Part of the Deficit Discussion?

Why Is the Most Wasteful Government Agency Not Part of the Deficit Discussion?


Any serious battle plan to reduce the deficit must take on the
Pentagon.
by David Morris
July 12, 2011
In all the talk about the federal deficit, why is the single largest culprit left out of the conversation? Why is the one part of government that best epitomizes everything conservatives say they hate about government—- waste, incompetence, and corruption—all but exempt from conservative criticism?

I read the article. In a word - useless, but the graphs and pie charts are pretty. Here is what I think the problem is:

Pg 306 Web of Debt by Ellen Brown

"Critics charge that warfare, terorism, and natural disaster on an unprecedented scale are are being used to justify massive federal borrowing, while diverting attention from the fact that the economy is drowning in a sea of governmental and consumer debt. And that may be true; but policymakers are only doing what they have to do under the current monetary scheme. In an upside-down world in which debt is money and money is debt, somebody has to go into debt just to keep money in the system so the economy won't collapse..."

pg 307"....4.
Engaging in a war as a pretext for borrowing , preferably a war that will drag on. People are willing in times of emergency to allow the government to engage heavily in deficit spending to defend the homeland...."

still reading this book

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