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War, fear of war spur global military spending to new record: SIPRI report
War, fear of war spur global military spending to new record: SIPRI report New high of $2.4 trillion is the ninth straight annual increase, suggesting the trend will continue, research institute says. Save articles to read later and create your own reading list. The world spent $2.4 trillion on military forces last year, the highest […]
Nothing Exceeds Like Excess
Nothing Exceeds Like Excess The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. —Ernest Hemingway Military spending is the second largest item in the US federal budget after […]
War Spending Will Bankrupt America
War Spending Will Bankrupt America “Why throw money at defense when everything is falling down around us? Do we need to spend more money on our military (about $600 billion this year) than the next seven countries combined? Do we need 1.4 million active military personnel and 850,000 reserves when the enemy at the moment — […]
Lavishing Money on the Pentagon
Lavishing Money on the Pentagon Exclusive: It seems like it’s always Christmastime at the Pentagon where the stockings are full and budget-cutting is for those domestic social-program guys, as Jonathan Marshall explains. Wise parents who celebrate Christmas advise their young children not to make unreasonably grandiose requests of Santa. After all, he has to squeeze […]
Tomgram: William Hartung, What a Waste, the U.S. Military
Tomgram: William Hartung, What a Waste, the U.S. Military Late last year, I spent some time digging into the Pentagon’s “reconstruction” efforts in Iraq and Afghanistan, countries it invaded in 2001 and 2003 in tandem with a chosen crew of warrior corporations. As a story of fabled American can-do in distant lands, both proved genuinely dismal no-can-do tales, […]
Recipe for Collapse: Rising Military and Social Welfare Spending
Recipe for Collapse: Rising Military and Social Welfare Spending Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient “solution.” Whatever you think of former Fed chair Alan Greenspan, he is one of the few public voices identifying runaway entitlement costs as a structural threat to the economy […]
The wrong kind of victory
The wrong kind of victory John Hayes One often hears of the fact that the US spends more on its military than most other nations combined. This is usually presented as evidence that the US is more powerful militarily—perhaps so powerful that it could take on the rest of the planet, and prevail. I find […]
COMBAT VS. CLIMATE: The Military and Climate Security Budgets Compared – IPS
COMBAT VS. CLIMATE: The Military and Climate Security Budgets Compared – IPS. As the U.S. debates the President’s plan for new military engagement, hundreds of thousands converged on New York to urge the world’s nations to take stronger action against the threat of climate change. A new report connects these two issues, and finds that the […]
Shadow Facts About Shadow Government Washington’s Blog
Shadow Facts About Shadow Government Washington’s Blog. Tom Engelhardt keeps churning out great books by collecting his posts from TomDispatch.com. His latest book, Shadow Government, is essential reading. Of the ten essays included, eight are on basically the same topic, resulting in some repetition and even some contradiction. But when things that need repeating are repeated this […]
