The U.S.S.R. went bankrupt after spending 40% of national income on the military. President George Bush's administration will spend a staggering $419.3 billion US on the military this fiscal year. An additional $130 billion US has been budgeted in 2006 for the occupation of Iraq and Afghanistan.
That's $10.8 billion a month -- 40% above previous estimates -- and somewhat more than the monthly cost of the Vietnam War at its height. Add to this huge sum an estimated $1.5 billion in monthly secret expenditures in Iraq and Afghanistan by CIA and Pentagon intelligence.
Astoundingly, U.S. military spending in 2006 will equal the rest of the world's total combined military expenditures. I just saw an ad for the new, $115-million F-22 Raptor stealth fighter, trumpeting how its radar can "intercept communications of insurgents." Using a $115-million aircraft to listen to cellphone calls by a bunch of jihadis in Waziristan staggers the imagination.
I talked to my 18 year old daughter on the phone today.  I always feel like I should apologize to her for allowing this administration to put her and the rest of her generation under such a heavy debt.  What sacrifices will my baby have to endure because of this President's spending habits?
The most I can hope for is that Bush will be stopped by his own party who are becoming more aware of his ignorance of money managing.  Or that he will be impeached and be replaced by a CPA who will quickly put us on a pay schedule to take the burden off of the next generations.
 
 
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Don't feed the trolls!
It just goes directly to their thighs.