Wars sending U.S. into ruin

Wars sending US into ruin Pt..2

March 15, 2010

From Wikipedia Pax Americana (Latin: "American Peace") is an appellation applied to the historical concept of relative liberal peace in the Western hemisphere and, later, the Western world, resulting from the preponderance of power enjoyed by the United States of America starting around the turn of the 20th century. Although the term finds its primary utility in the latter half of the 20th Century, it has been used in various places and eras, such as the post United States Civil War Era in North America and globally during the time between the Great World Wars. Pax Americana is primarily used in its modern connotations concerning the peace established after the end of World War II in 1945. In this modern sense, the term has come to indicate the military and economic position of the United States in relation to other nations. The term derives from and is inspired by the Pax Romana of the Roman empire and the Pax Britannica of the British Empire.

Wars sending US into ruin

March 14, 2010

Wars sending U.S. into ruin Obama the peace president is fighting battles his country cannot afford By ERIC MARGOLIS, QMI AGENCY U.S. President Barack Obama calls the $3.8-trillion US budget he just sent to Congress a major step in restoring America’s economic health.In fact, it’s another potent fix given to a sick patient deeply addicted to the dangerous drug — debt.More empires have fallen because of reckless finances than invasion. The latest example was the Soviet Union, which spent itself into ruin by buying tanks.Washington’s deficit (the difference between spending and income from taxes) will reach a vertiginous $1.6 trillion US this year. The huge sum will be borrowed, mostly from China and Japan, to which the U.S. already owes $1.5 trillion. Debt service will cost $250 billion.To spend $1 trillion, one would have had to start spending $1 million daily soon after Rome was founded and continue for 2,738 years until today.Obama’s total military budget is nearly $1 trillion. This includes Pentagon spending of $880 billion. Add secret black programs (about $70 billion); military aid to foreign nations like Egypt, Israel and Pakistan; 225,000 military “contractors” (mercenaries and workers); and veterans’ costs. Add $75 billion (nearly four times Canada’s total defence budget) for 16 intelligence agencies with 200,000 employees.The Afghanistan and Iraq wars ($1 trillion so far), will cost $200-250 billion more this year, including hidden and indirect expenses. Obama’s Afghan “surge” of 30,000 new troops will cost an additional $33 billion — more than Germany’s total defence budget.No wonder U.S. defence stocks rose…