Quote of the Day “It’s clearly a budget. It’s got a lot of numbers in it.” George W. Bush
Paul B. Farrell is a financial columnist with over 1000 articles to his credit. He appears regularly on all of the major news networks as an expert in his field. He has authored four books, worked as executive vice president for Financial News Network and was an investment banker with Morgan Stanley. This is all I can find out about him, but it seems enough to be satisfied he’s a capitalist. Here is a link to his article A Nation of Warmongers on marketwatch.com.
You can read it for yourself if you’re interested, but here are just a few of the assertions in it that TB finds meaningful:
Americans spend 54% of their tax dollars on the military. This figure represents 47% of the total military spending of the entire world. Is it really necessary to spend that much? If we cut it down to 40% of the budget, what could we do with that money? Many people who call themselves Conservative because they believe in balanced budgets and restrained government size and spending are deluding themselves if they think their goals can be met while continuing to fund the military at these levels. And TB believes in having the strongest military in the world, believes that our military personnel deserve support, and even believes that its necessary to use them on occasion. Wisely. But clearly, an inordinate proportion of our national resources is devoted to war.
Farrell also asks why it is necessary to spend over $200 Billion on no-bid private war contractors numbering 180,000–more personnel than the entire allotment of enlisted soldiers in Iraq. This is where a big chunk of that unnecessary military spending is being wasted. Remember Gomer Pyle having to do KP duty? Wouldn’t happen in this day and age because a contractor peels the potatoes. And gets a lot of cabbage to do it. There are also a bunch of Blackwater employees carrying guns and expecting immunity from prosecution when they misuse them. And making our actual soldiers look bad far too often–these dudes ain’t building schools and hospitals.
Finally, Farrell asks why the President and party (and he didn’t mention McCain, but should have) associated with “supporting our troops” opposed passage of a new GI bill. He should also have asked why the same group has let health care for wounded vets be conducted in rat infested, overcrowded hospitals. If it were me, I’d just as soon do without their so-called “support.”
If you’re a die hard Republican who can’t figure out why TB went off the reservation and joined up with the lefties, read this article. Even if you decide its all BS, it will at least give you a good idea of why TB and so many others are fed up with the neo-cons.