Saturday, July 31, 2010

The Trench Connection

Like the happy trail on a Greek belly dancer, the numbers can get a little fuzzy, but this year the US Federal government is fixing to discharge almost enough new debt to surpass all the new debt dropped by all other governments combined. Uncle Sam, official babysitter of Earth's reserve currency, is once again far and away its most profligate debtor.

Simultaneously, 2009 US military spending accounted for nearly half of Earth's total military spending. According to the SIPRI, even after combining the bomb budgets of the other power brokers; Russia, China, the UK, and France, with the next 10 "big spenders," the rest of Earth's military tab only totaled 38.8% of earthly defense spending (remind you of anything?), leaving America with a 7.7% edge. the US is blowing w-a-y more on military expenses than everyone else. Got it. And we're also issuing w-a-y government debt than everyone else. Right, still listening...

Do ya think there might be a link?

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