Our national defense budget is $610 BILLION per year. In 2010-2011, at the height of our conflicts in the middle east, our defense spending was more than that of China, Russia, the UK, France, Japan, and the eight next highest-spending countries combined. Our annual defense budget triples that of China. So since we’re only seventeen short months away [Read More…]
Consumers have built their lifestyles upon debt, as has the government, and the economy, which once was founded upon a production-based system, now relies more on consumption and credit than on making anything.
As a result, we have presidents issuing multi-billion dollar checks and telling us to go buy plasma televisions with them, and even under a democratically-controlled Congress and White House, we end up with a stimulus package, more than forty percent of which is made up of tax cuts.
We talk systemic change and infrastructure, but short-term solutions and personal comfort and security ultimately dominate public policy.
So what now? [Read more…]