Nearly $8 Tril­lion in In­ter­est Debt Gen­er­ated By War In­dus­try to De­stroy U.S. Econ­omy"

Trillions - - In This Issue -

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

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