Thursday, August 11, 2011

#Military Spending Collapsing America

America spends, by far, more than any other nation—now averaging around $500 to $700 billion a year—on military expenditures annually. In fact, the United States military budget accounts for over 41 percent of the world’s annual military expenditures—some say the true percentage is 47 percent. By comparison, China, which is second in the world, in military spending, averages around $80 billion a year. England and France spend around $65 billion a year.

We know America has enough weapons of mass destruction to kill life on the planet several times over. So, why does this nation continue to spend so much on weaponry? When will Americans realize these foreign wars always exact a costly domestic price at home?


The debt ceiling bill, that was just passed, is slated to slash $1 trillion over 10 years. The national debt now stands at $14 trillion. But, consider this: since 9-11, America has spent $7 trillion on defense and national security. We now know the total cost of the wars in Iraq, Afghanistan and Pakistan could reach as high as $4 trillion. Check out www.costofwar.org.

And why has close to $800 million, of American taxpayer money, been spent to help religious extremists—and terrorists—or so-called "rebels" in Benghazi attain power in Libya?

If Americans are serious about reducing the national debt, the nation must honestly reconsider the huge sums of money it spends on the military. Isn’t it time America spend money to empower its citizens at home rather than promote destructive, expensive wars abroad?

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