Time To Re-Think The Pentagon Budget

In twenty years we have spent trillions on unnecessary wars…..and can we state without qualification that we are a safer nation because of them?

The pandemic we are now fighting has shown us that we need to re-think war and focus on the survival of this country.

The inadequate response of both the federal and state governments to the Covid-19 pandemic has had a devastating impact on the United States, creating what could only be called a national security crisis. More than 190,000 Americans are dead, approximately half of them people of color. Yelp data show that more than 132,000 businesses have already closed and census data suggest that, thanks to lost wages, nearly 17% of Americans with children can’t afford to feed them enough food.

In this same period, a number of defense contractors have been doing remarkably well. Lockheed Martin, the Pentagon’s top contractor, reported that, compared to 2019, its earnings are actually up—yes, up! The company’s success led the financial magazine Barron’s to call it a “pandemic star.” And those profits are only likely to grow, given the Trump administration’s recent approval of a 10-year deal to sell $62 billion worth of its F-16s to Taiwan.

https://www.commondreams.org/views/2020/09/14/national-insecurity-and-pentagon-budget

Congress needs to step up and do the hard lifting since no one else will….but they are a worthless, lazy bunch and I feel they will do what high dollar donors want…not what is best for the nation.

More Americans have now died from COVID-19 than from the wars in Korea, Vietnam, Iraq and Afghanistan combined. Yet the United States is poised to continue spending more money on the Pentagon than the next 10 countries combined, with some 1 million troops deployed in about 175 countries. In other words, there’s no end in sight for our forever wars.

Monday marked the 19th anniversary of the vote to pass the post-9/11 Authorization for Use of Military Force, or AUMF, a blank check to deploy U.S. military personnel anywhere in the world in the name of going after terrorists. Our country’s response to that attack has had unintended and tragic consequences: war profiteering by military contractors, traumatic impact to our soldiers, and massive numbers of refugees and civilian casualties around the world.

https://www.commondreams.org/views/2020/09/15/its-time-repeal-presidents-license-endless-war

This pandemic has shown the nation just how inadequate our social skills are….we can go fight wars without end but we are dumb-founded by a virus.

Maybe now is the right time to start putting the nation and its people first…and I do not mean another round of stim cash that only benefits those that do not need the stim.

Wall Street wants more and more cash…..

When Wall Street receives a major boost from the US Federal Reserve it can always be relied upon to come back and demand more. This phenomenon, one could say a law of political economy, has been on display again this week.

On Wednesday, the central bank’s Federal Open Market Committee (FOMC) set out its new framework for monetary policy. It committed itself to maintaining interest rates at near zero levels, for as far as the eye can see. It would also maintain its purchases of financial assets, at least to the tune of $120 billion a month—nearly $1.5 trillion a year—and intervene even more aggressively should there be a return of financial turbulence.

https://www.wsws.org/en/articles/2020/09/19/wall-s19.html

Time for this nation to once again become a single entity and not the wandering bands of tribes that spend all their energy sniping at each other.

Pay Attention!  Your life is depending on it!

I Read, I Write, You Know

“lego ergo scribo”

4 thoughts on “Time To Re-Think The Pentagon Budget

  1. If it anything like our own Ministry of Defence, it is important to look past the billions spent on missiles and fighter aircraft. We have had scandals where the MOD has been paying £100 for 100 elastic bands, and £8,000 for one ‘office chair’. A box of ballpoint pens that can be bought in a supermarket for £4.99 have been billed to the MOD at over £200. A lot of people have their hands in the till, and their snbouts in the trough.
    Best wishes, Pete.

  2. One thing to keep in mind, is that many defense contracts are fully funded through their base years, and the government can and often does [especially during times like these] continue through a contract’s option years, as well as bridging through extraordinary times, until the environment is more conducive to rebidding and awarding a new contract.

    Thus, it’s not terribly surprising to see the Lockheed Martin’s and others continue to do well.

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