Nearly $8 Trillion in Interest Debt Generated By War Industry to Destroy U.S. Economy"
When one includes all the actual costs, the U.S. spends about $1 trillion each year on its war industry. The U.S. doesn't generate enough tax revenue to sustain its gargantuan war industry, so it borrows the money in ever-increasing amounts and must even borrow money to pay the interest and the interest on the interest.
The interest alone on the money borrowed to spend on war since 9/11 is estimated to be nearly $8 trillion. This is on top of the current $20.1 trillion federal debt.
This number is not being cooked up by some liberal non-profit organization with a political axe to grind – it is based on real numbers and comes from a 2017 report from Brown University’s Costs of War project.
The report, conducted as part of Brown’s Watson Institute for International & Public Affairs, breaks the costs down as follows:
• Subtotal of actual war appropriations and war-related spending through FY 2017, including veterans’ support costs, borrowing, expanded Department of Defense (DOD) base budgets, Homeland Security costs and direct DOD and Department of State (DOS) overseas appropriations: $4.351 trillion
• Estimated 2018 war appropriations, including DOD and DOS adders for Afghanistan, Iraq and Syria; Homeland Security costs; incremental adders for veterans’ spending; and borrowing to support war expenses: $1.281 trillion
Based on those cost figures and historical information about borrowing, the Brown University estimate calculates that more than $7.9 trillion dollars of interest debt will be needed to service just the current debts through the year 2056.
That debt is far higher than the cost of the actual direct and indirect war spending itself.
When the American public does hear about war costs, many of the real costs involved are hidden. Those “underground” expenses include black ops, CIA, DIA and other secret operations whose budgets are rarely disclosed even in rough total form. So, the real numbers are likely higher still, just for the base costs.
Even without those hidden costs, though, neither party tends to itemize the total interest debt that must be paid in order to support the actual incurred costs of the war on a year-to-year basis. While the oligarchy tries to pretend that this massive debt doesn’t exist, the staggering interest debt must be considered as part of the country’s long-term burden on the American public as it considers future spending of any kind.
If the current trends continue, there is little doubt that the United States’ desire to keep fighting its fake global “forever war” will eventually bankrupt the American nation. It is, like global warming and its implications, not a matter of “if” anymore but rather a matter of “when.” In the short term, this $8 trillion of war debt that has to be serviced must be considered as part of the forward calculations of U.S. budgets under current review. Those tax changes are currently estimated, as of this writing, to add more than $1.5 trillion to the national debt as even more tax revenue is shifted to the rich and working-class Americans are left holding the debt bag and cheated out of the public services they have paid for and are entitled to.
Together, the new tax bill and the war debt are expected to add just short of $10 trillion to the already unsustainable and unpayable U.S. federal debt. And that, of course, does not take into account the social and real financial costs of cutting spending on essential services.
Future taxpayers are expected to pay off the astronomical debt, but that won't happen because the American economy can't possibly support the growth required.
Diverting such a vast amount of financial resources to wage war in other countries and service the debt means that the money is not being spent on the essential things necessary to sustain the U.S. economy, such as education, infrastructure, environmental protection, R&D, health services, science, law enforcement, etc.
Servicing the debt and enriching oligarchs comes first so Americans can expect to lose the services their taxes are supposed to pay for. Gone will be the money paid into social security. Gone will be life saving
medicare and medicaid. Gone will be environmental protections. More interstate highways will be turned into toll roads. Public education will continue to decline.
As the federal government shuts down an increasing number of services and replaces soldiers with killer robots, more federal jobs will vanish.
As poverty and unemployment rise there will be more civil unrest and more of the machinery of war will be shifted to fighting the American people.
Faced with an inability to create positive change at home, an increasing number of Americans are choosing to leave the sinking ship, renouncing their U.S. citizenship and moving to countries not ruled by a psychopathic oligarchy intent on enriching itself at the expense of the country’s future. Others are doubling down on efforts to create change in their own communities and seek out intelligent leadership that won’t be bought and controlled by criminal corporations.
Many observers are predicting another American civil war, as those who mindlessly march to extremist fascist/socialist dogma clash. And the oligarchy is helping by pitting Americans against each other and driving extremism on both sides.
Many businesses who look ahead are trying to expand into the international market and become less reliant on the increasingly difficult and declining American market. They are finding that the American just-get-itdone culture is actually needed in many countries.
In reality, most Americans want the same things and face the same enemy. To combat the true enemy they need to find common ground, talk through the few differences and work together to take back their country and replace the oligarchs with true Americans who honor, respect and enforce the Constitution and promote basic human morality and common-sense.
Nothing is so well calculated to produce a deathlike torpor in the country as an extended system of taxation and a great national debt. – William Cobbett