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The American Empire in a Changing World



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Monday, June 20, 2011

'U.S. Gears Up for War Number Six'

lets add the war against the middle class and the war on drugs to the list.........from nationalinterest.........

"President George W. Bush was largely divorced from what one aide famously dismissed as the “reality-based community.” The unnamed staffer told author Ron Suskind that “when we act, we create our own reality.” Sen. Lindsey Graham (R-S.C.), now pushing for war against Syria, apparently believes, along with the anonymous White House official, that he is one of “history’s actors,” unconstrained by unpleasant reality.

The United States is broke. This year it is spending a record $3.8 trillion, 40 percent of which is being borrowed. The national debt, now over $14 trillion, could double over the next decade if serious budget economies are not made. However, a host of new expenses are likely: Fannie Mae and Freddie Mac continue to lose money, the FDIC continues to close banks and the Pension Benefit Guarantee Corporation continues to accumulate liabilities. Worse, a realistic assessment of Social Security and Medicare reveals an unfunded liability of more than $100 trillion. Yet all Sen. Graham and his colleagues could come up with this year was an anemic one percent spending cut—and that estimate was based on funny accounting"...........LINK

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