America Is Broke and Borrowing Like Crazy

Foreign aid takes money from poor people of a rich country and gives it to rich people of a poor country. It never reaches the poor of a poor country!

AMERICA IS BROKE AND BORROWING LIKE CRAZY

By Frosty Wooldridge
May 5, 2011
NewsWithViews.com

Back in 1965, the United States of America enjoyed the status of being the largest lender nation in the world. Today, America suffers the enigma of being the largest debtor nation on the planet.

The U.S. government borrows in excess of $2 billion a day to float its false economy where manufacturing has been shipped off to China and every other country in the world.

Today, our $800 billion a year military budget wastes untold amounts of money that does nothing to keep Americans safe or secure. In a definitive statement, retired Army combat veteran Colonel Andrew J. Bacevich wrote a book: Washington Rules: America’s Path to Permanent War.

In it, Bacevich said, “America uses its military power for global power projection and global interventionism and has since the Truman administration. The US spends $800 billion annually, as much or greater outlays of treasure than is spent by all the rest of the world combined for military spending.”

The military industrial complex rules our U.S. Congress like Indiana Jones whipping a mouse into submission. At this time, 572,000 military personnel reside on 761 bases in 39 countries around the world according to Bacevich. Costs: into the trillions of wasted dollars over the years.

And while every state in the Union runs in red ink, the Pentagon burns through $12 billion every 30 days in three wars that have absolutely nothing to do with our defense, safety or security. The same could be said for the 35,000 troops stationed in Korea for 50 years: no use, no need and no purpose under the sun.

The U.S. Government bleeds the American people to an ugly financial death. It has run up a $14.4 trillion debt that will ultimately collapse the entire monetary system within the United States.

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