Monday, April 11, 2011

Pentagon’s Trillion Dollar Spending Spree Exceeds the General Funds of All 50 U.S. States Combined

[redacted] news: Pentagon’s Trillion Dollar Spending Spree Exceeds the General Funds of All 50 U.S. States Combined
by Sherwood Ross
Americans can begin to hope that the current recession, coupled with the politics of debt reduction in Washington, may yet result in cuts in that runaway Pentagon budget, The Nation magazine says in its April 11th issue.
“War-weary Americans have turned decisively against the conflicts in Afghanistan and Iraq, and, according to polls, voters support cuts in military spending,” Contributing Editor Robert Dreyfuss writes.
“After 13 consecutive years of growth, between 1998 and 2011, spending on the military has reached an all-time high,” and for 2012 the Pentagon’s Robert Gates “is asking Congress to authorize yet another increase, seeking $553 billion, plus an additional $118 billion for Iraq and Afghanistan, for a total of $671 billion,” Dreyfuss writes. Throw in all war spending, homeland defense ($44 billion), Veterans Affairs ($122 billion), interest on military debt ($48 billion) and the war machine is costing the public in excess of $1 trillion a year.

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