The USA has being involved in war for 15 years. It began in Afghanistan. Then was Iraq which, by the way, costs to American taxpayers about $1.5 trillion. Then Pakistan, Yemen, North Africa, Middle East. All these conflicts are sponsored by actually American citizens, but the state doesn`t get real benefit from that, plundering the people, the government opens new spaces for corporations. It is interesting to assume, what would be if the USA invested military money in national economy? There would be no crises, it was possible to reduce interest rates, facilitate significantly tax burden for the people, and finally to make cheaper social insurance. But everything goes for oil and gas production and metallurgical fields, so the corporations increase their capitals by billions annually. It becomes clear for whom the economy of the USA works
As conservative Ron Paul wrote, now that right wing neocons are back in power, expect MORE war: The solution to this is simple = impose a 100% excess profit tax on all war profits and we will have peace.
right. so a mere bookkeeping change means you cant touch them. All they have to do is call it "retained earnings, against future expenses" and there IS no profit to tax, much less "excess profit". wtf are you to decide what is "excess", hmm?
There is a huge financial influence in the functioning of elections in the US government. The financial influence of suppliers to the US military is not insignificant. Given that, it would be naive to consider that the US would not engage in any and every place where the deployment of military assets might be even remotely considered possible.
President Clinton managed to keep us out of a major war and raised taxes. The result? One of the best economies of the 20th century.
A bigger effect on the U.S. economy has been globalized outsourcing and all those Free Trade agreements in the last three decades. Then there is immigration, which has caused the population of the U.S.A. to nearly double in the last four decades. Economic growth has had difficulty keeping pace with the increase in population, putting a downward pressure on wages and increased competition. And of course the huge debt accumulated by the government is no trifling matter. The interest payments alone just to service that debt are going to eat a bigger chunk of the budget. It is not a healthy thing to have commoditized national debt.
