Filed under: Afghanistan, bailout, bankruptcy, Congress, Credit Crisis, DEBT, Dollar, Economic Collapse, economic depression, Economy, George Bush, global economy, Great Depression, Greenback, House, hyperinflation, Inflation, Iraq, Military, nation building, national debt, neocons, occupation, Pentagon, Senate, Stock Market, Uncategorized, US Economy, us national debt, Wall Street, war funding, war spending, weapons trade
House Passes $1 Trillion Defense Budget
Alternet
September 28, 2008
On Wednesday, the House passed a mammoth defense bill by a 392-39 vote. It’s expected to clear the Senate with little difficulty next week.
It was part of a trillion-dollar stop-gap measure to keep programs running through next March, allowing lawmakers to skip town without passing a final budget. The Associated Press reports, “The legislation came together in a remarkably secret process that concentrated decision-making power in the hands of a few lawmakers.”
In keeping with the tradition of recent years, Bush held a gun to his own head and threatened to pull the trigger if his demands weren’t met. According to the AP, “To earn President Bush’s signature rather than a veto, House and Senate negotiators dropped several provisions he opposed. They include a ban on private interrogators in U.S. military detention facilities and what would have amounted to congressional veto power over a security pact with Iraq.”
In other words, Congress also maintained recent tradition, swearing not to give Bush a blank check and then whipping out their pens and signing a blank check.
The number that the House sent to the Senate for “defense” — $612 billion for the coming year — is eye-popping. Imagine a stack of 612,000 million-dollar bills. Quite a pile.
http://www.alternet.org/story/100801/
’If we don’t cut back military spending, the bankruptcy of the United States is inevitable’
http://www.tomdispatc..nson_the_pentagon_bailout_fraud
The Pentagon Bailout Fraud
http://www.wakeupfromyourslumber.com/node/8379
Bush Administration Adds $4 Trillion To National Debt
http://www.cbsnews.com/blogs/2008/09/29/couricandco/entry4486228.shtml
Leave a Comment so far
Leave a comment