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Russia & China Invest in Infrastructure; U.S. Instead Spends on Military
Russia & China Invest in Infrastructure; U.S. Instead Spends on Military
China’s “Belt and Road Initiative” is famous as an extension of their domestic infrastructure investments, but Russia is also investing heavily in infrastructure. Both countries need to do it in order to improve the future for their respective populations, and both Governments have avoided the Western development model of going heavily into debt in order to pay for creating and maintaining infrastructure. Both are, in fact, exceptionally low-debt Governments.
According to the “Global Debt Clock” at Economist, China has a public debt/GDP of 17.7%, and Russia’s is 8.0%. For comparison, America’s is 93.6%. (Others are: Germany 85.8%, Spain 91.2%, Italy 122.6%, Greece 147.1%, India 54.2%, Pakistan 47.0%, and Brazil 55.0%.)
The United States isn’t going into public debt in order to finance building or maintenance of infrastructure, but instead to finance expansions of its military, which is already (and by far) the world’s largest (in terms of its costs, but not of its numbers of troops).
While the US Government now spends around half of the world’s military expenditures and plans to conquer Russia, China, and all countries (such as Iran and Syria) that cooperate with those ‘enemies’ (and please click onto a link wherever you question the truthfulness of an allegation made here), Russia and China plan to improve their infrastructures, in order to boost their national economies and to minimize the impacts that (the mainly US-caused) global warming will have. These infrastructure projects are optimistic and long-term expenditures, which are being planned and built only because the countries that the US aristocracy are targeting to conquer, expect the US aristocracy to fail to achieve its clear #1 goal, of controlling the entire world and conquering them — of America’s rulers finally achieving the global fascist empire that, in World War II, Hitler and the other Axis powers had been hoping to become.
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Tomgram: Danny Sjursen, Buttering Up the Pentagon
Tomgram: Danny Sjursen, Buttering Up the Pentagon
Recently, the Pentagon’s top Asia official, Randall Schriver, told senators that the Afghan war would cost this country’s taxpayers $45 billion in 2018, including $5 billion for the Afghan security forces, $13 billion for U.S. forces in that country, and $780 million in economic aid. How the other $26 billion would be spent is unclear and, given the Pentagon’s record in these years, Schriver’s estimate could prove a low-ball figure. All in all, it’s just another year in this country’s endless war there. Still, if Schriver is on the mark, in Afghanistan alone the American taxpayer will spend more than a fifth of the $200 billion the Trump administration is urging Congress to put up for the rebuilding of America’s crumblinginfrastructure. (The estimated cost of the full war on terror in President Trump’s proposed 2018 budget, according to the Costs of War Project, is approximately… yep, you guessed it: $200 billion.) And, of course, all of that is next to nothing when compared to the $5.6 trillionthe Costs of War Project estimates the war on terror has already cost us (with certain future expenses added in).
Under the circumstances, isn’t it remarkable that the government has sent so many taxpayer dollars tumbling down the rabbit hole of its failed wars and the “reconstruction” scams in Afghanistan and Iraq that once passed for “nation-building”? (By 2014, the U.S. had already sunk more money into “reconstructing” Afghanistan than it had once put into the Marshall Plan to rebuild all of Western Europe — and compare the results of each of those investments!) More remarkable still, for all the bitter political disputes in these years about how government money should be spent, there has never been real disagreement here, no less significant protest, over the decision to put such staggering sums into America’s wars.
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China’s Military Budget Could Soon Be As Big as America’s Washington’s Blog
China’s Military Budget Could Soon Be As Big as America’s Washington’s Blog.
China May Be Closing the Gap on U.S. Military Superiority
Frank Kendall – the Pentagon’s undersecretary of defense for acquisitions, technology, and logistics –has repeatedly warned that America’s military advantage over China is evaporating.
The Weekly Standard reports:
While the U.S. military’s budget is being cut, China’s budget has been growing at about 12 percent annually, Kendall said, and may soon be as large as the U.S.’s. China is of particular concern according to the under secretary because “no one’s studied us more — including immediately after the first Gulf War — than the Chinese. And they have been building systems since then designed to counteract some of the things that we have.”
Last month, the Washington Free Beacon reported on a draft of the annual report of the congressional, bipartisan U.S.-China Economic and Security Review Commission which found:
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