Saturday, June 18, 2011

An Ugly Truth About The U.S. Economy

U.S. politicians are discussing slashing Medicare, Social Security, the educational system, police and fire protection and other essential services. But they don't discuss slashing military spending, which is the U.S. government's single biggest expense. Do you know why?

Because it is the U.S.'s biggest manufacturing job provider. Military contractors and sub-contractors account for 1-2 million high paid jobs, all at taxpayer expense. And those jobs are located in nearly every Congressional District, so Congressmen don't want those jobs touched.

But in the U.S., 24 million people are unemployed, under-employed or are no longer counted because they have been unemployed beyond 99 weeks. No-one wants those jobless rolls to grow, which would happen if tens of thousands of military contract employees were laid off. Yet the military machine is going to have to face layoffs.

Why? Because the U.S. government brings in just 59 cents for every dollar it spends. And no politician wants new taxes. So where does the additional money currently come from? Borrowing and printing. This is a recipe for financial disaster.

This ugly truth will effect each American, for our government is going broke. The sooner we face this ugly reality, the sooner we can confront our problems. We cannot borrow our way out of this mess no matter how much our government tries. It only makes it worse. Please raise your voice for fiscal sanity and to end these wars that are draining us financially and morally. It is long past time we held our politicians accountable for the wars, the spending and the military machine behind them.

Dick

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