The American Empire, RIP
AntiWar.Com
by Justin Raimondo
10/10/08
Huntington denies that military spending is a drain on the economy, and blames ‘consumerism, not militarism,’ for America’s status as the world’s number one debtor. Yet how does he imagine we financed the biggest military build-up in world history? How did we manage to bloat our military budget until it grew larger than the defense expenditures of all the rest of the world combined? We rang it up on our national credit card. We built an empire on a mountain of debt, and now it’s all come tumbling down. Yet it’s more than an economic debacle: the Greenspan Bubble was made possible by a certain kind of psychology, a cultural ethos that gave little thought to the long-term consequences of US monetary and military policy, and lived only in the here-and-now. The Bubble pumped up not just the stock market, but also our pretensions, our hubris, our sense of entitlement — not only to big overpriced homes and a dozen different credit cards, but also to our global preeminence as world policeman. If pride really does cometh before a fall, then one can only observe that we had plenty of warning...
http://www.antiwar.com/justin/?articleid=13573
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=empire
http://freepage.twoday.net/search?q=military+spending
http://freepage.twoday.net/search?q=military+budget
http://freepage.twoday.net/search?q=stock+market
http://freepage.twoday.net/search?q=com/justin
by Justin Raimondo
10/10/08
Huntington denies that military spending is a drain on the economy, and blames ‘consumerism, not militarism,’ for America’s status as the world’s number one debtor. Yet how does he imagine we financed the biggest military build-up in world history? How did we manage to bloat our military budget until it grew larger than the defense expenditures of all the rest of the world combined? We rang it up on our national credit card. We built an empire on a mountain of debt, and now it’s all come tumbling down. Yet it’s more than an economic debacle: the Greenspan Bubble was made possible by a certain kind of psychology, a cultural ethos that gave little thought to the long-term consequences of US monetary and military policy, and lived only in the here-and-now. The Bubble pumped up not just the stock market, but also our pretensions, our hubris, our sense of entitlement — not only to big overpriced homes and a dozen different credit cards, but also to our global preeminence as world policeman. If pride really does cometh before a fall, then one can only observe that we had plenty of warning...
http://www.antiwar.com/justin/?articleid=13573
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=empire
http://freepage.twoday.net/search?q=military+spending
http://freepage.twoday.net/search?q=military+budget
http://freepage.twoday.net/search?q=stock+market
http://freepage.twoday.net/search?q=com/justin
rudkla - 13. Okt, 10:38
