A Key Reason Why The U.S. Economy Is Not Recovering

A Key Reason Why The U.S. Economy Is Not Recovering

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"New bomber could bring a jobs payload" headlined the front page of the Los Angeles Times (5/22/11)* as the great news spread rapidly across Southern California. But the U.S. is broke, laying off teachers, police and firefighters and may slash Medicare, Medicaid and Social Security, yet it has tons of money to invest in the Pentagon's proposed fleet of 80 to 100 next generation nuclear-capable jets.

The projected costs are $55 billion before even knowing the number of jets to be built. The costs will skyrocket as the aircraft is further designed and numerous features are added. Inflation will drive the costs still higher. The real costs including R&D will likely be hundreds of billions of dollars, as this jet is to be manufactured into the 2020's. No surprise, Republican "Buck" McKeon, chairman of the House Armed Services Committee and whose District includes part of where this jet would be built, strongly supports it.
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"If this is what it appears, yet another military welfare jobs program, why don’t we save the taxpayers money and just give the money to the workers with the stipulation they do not build weapons of mass destruction with it. This way the world is safer and the U.S. taxpayer doesn’t have to pay for the additional cost of materials and facilities and other overhead."
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Read the entire column at: http://sane-ramblings.blogspot.com/2011/05/key-reason-why-us-economy-is-not_26.html

Waste of resources.

in the facade and pretend that our simulation of what is going on is true, or we can peer with determination into what the facts present to us about the priorities and values that dominate the major expenditures of our collective wealth and power.

Weapons and rights and profits of multi-national corporations are ascendant on the list of the ruling culture's values. In fact, weapons and illicit drugs account for the two largest economies on our planet today. Fomenting fear is necessary to justify the weapons and illicit drugs represent a mother load of benefits to the PTB, from black ops funding to fueling and expanding the prison and law enforcement systems.

Humans are drug taking creatures, so by criminalizing them under the guise of protection and benefits to society, you do more harm than good, yet several industries and big-time players profit from the immature and hysterical continuation of dysfunctional prohibition. Cha-ching!

As far as the vast, even unfathomable, amount of weapons that we spend untold billions on, is concerned, we might want to ask ourselves if we are actually so aggressive and war-prone as a species or if, especially these days, we are merely gullible players in what is a profit game that is merely justified by war and aggression. In other words, it is not for our protection and benefit as much as it stands to make a minority wealthier and more powerful. That is how our wealth and power is stolen and we find ourselves weak and bankrupt.

...Obama extended the Bush tax cuts for two additional years. Once they expire, recovery will begin. WTF was he thinking?

...but combined with the massive military and war costs I'm afraid it's too late for a recovery. The way it is now, may be the best it's going to be.

...had there been no Bush tax cuts. Obama should have retroactively ended the tax cuts when he first got into office. Had he done that, we would achieve primary balance this year. That is basically what Bill Clinton did when he got into office. His 1993 economic plan retroactively ended all of the Reagan/Bush tax cuts for the rich.