Wars bankrupting the American economy
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Author:  Catherine [ Sun Aug 21, 2011 11:31 am ]
Post subject:  Wars bankrupting the American economy

Wars bankrupting the American economy

In 1953, at the beginning of his presidency, Dwight D. Eisenhower gave a speech in which he said, "Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed."

That quotation is apt today. According to the War Resisters League, the United States spends 59 percent of its budget on the military. When spending on veterans’ affairs and nuclear weapons programs are added, says, the grand total is $1.01–1.35 trillion spent on national defense in 2010. published some facts about what it calls “ridiculous military spending,” facts that show America “can’t afford to police the world any more”:

* U.S military spending is greater than that of China, Russia, Japan, India and the rest of NATO combined.
* The total U.S. military spending constitutes approximately 44 percent of all the military spending on the planet.
* Together, the wars in Iraq and Afghanistan cost more than $150 billion per year.

According to Nicholas D. Kristol, writing in the New York Times on July 28, “A recent report from the Congressional Research Service finds that the war on terror, including Afghanistan and Iraq, has been, by far, the costliest war in American history aside from World War II. It adjusted costs of all previous wars for inflation.”

The price tag for one Lockheed Martin F-35 Lightning II fighter plane is around $90 million, according to a March 15, 2011 article “The F-35: A Weapon That Costs More Than Australia" in The Atlantic.

In 1997 MIT received nearly $400 million from the Pentagon for military research, David Schweikart wrote in his book After Capitalism.

According to Harper’s Magazine, this year the Pentagon will spend over $44 billion on the “Star Wars” program.

The government just announced that the country’s nuclear arsenal consists of 5,112 nuclear warheads, enough to destroy the earth many times over.

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