While Eric Margolis' entire comment in the Toronto Sun is a must-read, the following two quotes really hit the nail on the head:
More empires have fallen because of reckless finances than invasion...
If Obama really were serious about restoring America’s economic health, he would demand military spending be slashed, quickly end the Iraq and Afghan wars and break up the nation’s giant Frankenbanks.
Margolis is right.
As I have repeatedly shown, war is bad for the economy. According to a Nobel prize-winning economist, the head of JP Morgan and others, the Iraq war and the war on terror in general were huge factors in destroying our economy.
America is a dying empire, destroying the last of its resources to fight unnecessary wars. Instead of rebuilding our economy so that we can once again be a strong nation, we are wasting trillions fighting those unnecessary wars, thus guaranteeing that we do not have the economic resources to defend ourselves in the future from real threats.
Don't believe me?
Well, our military and intelligence leaders say that the economic crisis is now the biggest threat to America's national security.
And as leading economic historian Niall Ferguson recently wrote in Newsweek:
Don't believe me?
Well, our military and intelligence leaders say that the economic crisis is now the biggest threat to America's national security.
And as leading economic historian Niall Ferguson recently wrote in Newsweek:
Call the United States what you like—superpower, hegemon, or empire—but its ability to manage its finances is closely tied to its ability to remain the predominant global military power...
This is how empires decline. It begins with a debt explosion. It ends with an inexorable reduction in the resources available for the Army, Navy, and Air Force...
If the United States doesn't come up soon with a credible plan to restore the federal budget to balance over the next five to 10 years, the danger is very real that a debt crisis could lead to a major weakening of American power. READ MORE
http://www.washingtonsblog.com/2010/02/more-empires-have-fallen-because-of.html
This is how empires decline. It begins with a debt explosion. It ends with an inexorable reduction in the resources available for the Army, Navy, and Air Force...
If the United States doesn't come up soon with a credible plan to restore the federal budget to balance over the next five to 10 years, the danger is very real that a debt crisis could lead to a major weakening of American power. READ MORE
http://www.washingtonsblog.com/2010/02/more-empires-have-fallen-because-of.html
