US politicians from both parties agree: the deficit doesn't matter. In the bipartisan deal to raise the debt ceiling, Biden and GOP boost military budget to $886 billion while restricting food stamps
So when it comes to military spending and filling the pockets of the rich money is water under the bridge. When it comes to social spending and prosperity for all the water turns into an iceberg.
It might be said America is a slave state picking very bloody cotton for its aristocrats.
Excellent article. One thing to note however is the inflationary export effect, particularly to the global South, of US profligacy. It may not inflate the domestic situation, at least not on the scale it affects those Nations forced into being pegged to the currency of the failed US experiment.. but when Uncle Syphilis prints and for example, buys oil for its own “reserves”, entire Countries collapse due to a short fall of both that necessary commodity and the currency to secure it. In this way, the latest (92nd?) technical default is just another way to pilfer the Wealth of other Nations. Therefore it does indeed matter.. a great deal.. and it needs to be stopped.
U.S. foreign policy makes sense in light of the hypothesis that it is run by the Military Industrial Complex (MIC). Both, Repugs and Demons are beholden to the power of the MIC and push thru ever-increasing financial allocations for what is essentially a non-productive, parasitic mix of Federal Bureaucracies (17+ intelligence agencies), a bloated, essential socialist military welfare state with scores of officers and generals, none of which contributes anything to US society but receives generous benefits, and defence contractors such as Boeing and Raytheon (current secretary of defence, Lloyd Austin was a Raytheon board member). This highly corrupt system is not stable and will collapse one way or another, probably catastrophically. And good riddance.
So when it comes to military spending and filling the pockets of the rich money is water under the bridge. When it comes to social spending and prosperity for all the water turns into an iceberg.
It might be said America is a slave state picking very bloody cotton for its aristocrats.
Excellent article. One thing to note however is the inflationary export effect, particularly to the global South, of US profligacy. It may not inflate the domestic situation, at least not on the scale it affects those Nations forced into being pegged to the currency of the failed US experiment.. but when Uncle Syphilis prints and for example, buys oil for its own “reserves”, entire Countries collapse due to a short fall of both that necessary commodity and the currency to secure it. In this way, the latest (92nd?) technical default is just another way to pilfer the Wealth of other Nations. Therefore it does indeed matter.. a great deal.. and it needs to be stopped.
U.S. foreign policy makes sense in light of the hypothesis that it is run by the Military Industrial Complex (MIC). Both, Repugs and Demons are beholden to the power of the MIC and push thru ever-increasing financial allocations for what is essentially a non-productive, parasitic mix of Federal Bureaucracies (17+ intelligence agencies), a bloated, essential socialist military welfare state with scores of officers and generals, none of which contributes anything to US society but receives generous benefits, and defence contractors such as Boeing and Raytheon (current secretary of defence, Lloyd Austin was a Raytheon board member). This highly corrupt system is not stable and will collapse one way or another, probably catastrophically. And good riddance.
A great outline of the problem. What do you propose as the solution?
Hi Ben how do I cancel my subscription? Thanks