General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe US has already borrowed $2tn to finance the Afghanistan and Iraq wars
Defense spending is the real 3rd rail in modern American politics. Politicians feel perfectly comfortable talking about cutting Social Security.
The American-led military coalition in Afghanistan backed off Tuesday from its claim that Taliban attacks dropped off in 2012, tacitly acknowledging a hole in its widely repeated argument that violence is easing and that the insurgency is in steep decline.
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And as we consider all this talk about budgets and cutbacks, perhaps we should take a moment to consider this from Joseph Stiglitz:
The direct costs of the war are already $700bn. The original mission was to root out al-Qaeda and the Taliban. But in 2003, the US shifted nearly all of its attention and resources to Iraq. The Taliban regrouped and strengthened in Afghanistan, making the conflict far more expensive. Meanwhile, al-Qaeda shifted operations into Pakistan, Yemen and Mali, where France this month sent troops.
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The US has already borrowed $2tn to finance the Afghanistan and Iraq wars a major component of the $9tn debt accrued since 2001, along with those arising from the financial crisis and the tax cuts implemented by President George W.?Bush. Today, as the country considers how to improve its balance sheet, it could have been hoped that the ending of the wars would provide a large peace dividend, such as the one resulting from the end of the cold war that helped us to invest more in butter and less in guns. Instead, the legacy of poor decision-making from the expensive wars in Afghanistan and Iraq will live on in a continued drain on our economy long after the last troop returns to American soil.
With all this soul searching about "what we can afford" and "sacrifice" and all the rest, I haven't heard much discussion about this. Considering the vast sums involved you'd think someone would at least put it up for debate. Could we at least talk about whether it was worth it?
http://digbysblog.blogspot.com/2013/02/the-money-pit-nobodys-talking-about.html
Lasher
(27,598 posts)Our military spending has doubled in the past decade, and yet the Pentagon squeals like the pig that it is at the prospect of relatively token budget cuts brought about by sequestration. This spending reduction is not so substantial as to force them to give up even one of their foreign outposts, which is the arena where the very first of cutbacks should occur.
If you eliminate all the Bush tax cuts and all spending associated with the Bush wars, you end up with a balanced budget. I am often met with disbelief when I make this claim because so many people have never heard it mentioned before.
dixiegrrrrl
(60,010 posts)Just ask any military contractor.
Just ask any oil company which won subsidized rights to pump out Iraq oil.
Just ask any companies which want to mine the mother lode of uranium in Mali.
Just ask any of the hundreds of Homeland Security/TSA/Border Patrol private contractors who are getting rich
on the story of "Terror Terror Terror" perpetuated for over 12 years now in this country.
Was it worth it to you and me?
Who cares, we have no influence on US policy, really, when it comes down to it.
Not now, anyway.
Maybe...some day...if enough of us have REALLY had enough.....maybe.