With the direct costs of the Iraq War set to run over $800 billion in 2009----$3.5 billion a week/ $180 billion a year----
Tomdispatch and
Chalmers Johnson remind us that while singularly focusing on a $700 billion Wall Street bailout, the derelict mainstream media, with silent knee-jerk complicity, have allowed an absurdly enormous and wasteful military budget to pass through Congress with nary a word (Really? For 2009, a $612 billion defense authorization bill plus guaranteed additional discretionary appropriations and no serious mention?). THAT'S A WHOPPING $100 BILLION DIFFERENCE from the bailout! And yet, there's no outrage over the indirect (or true) costs of our voluntary, 21st Century "
splendid little war" either, estimated by the Congressional Budget Office to be $1-2 trillion. More inclusive estimates accounting for the many costly externalities associated with the invasion and occupation of Iraq measure it closer to $4-$5 trillion (Nobel Prize-winning economist Joseph Stiglitz and Linda J. Bilmes). To put these gargantuan numbers in
context:
Stiglitz and Bilmes list what even one of these trillions could have paid for: 8 million housing units, or 15 million public school teachers, or health care for 530 million children for a year, or scholarships to university for 43 million students. Three trillion could have fixed America's social security problem for half a century.
So doing the math: Divide one Iraq War of $1-5 trillion by Wall Street bailouts at $700 billion a pop, and, "we're talking somewhere between one-and-a-half and seven bailouts-worth of taxpayer dollars flowing into the morass of disaster, corruption, and carnage in Iraq."*
Moreover, one of the worst parts about the incomprehensibly bloated defense budget according to
Winslow Wheeler, a Republican, who for 31 years was a member of the Senate and the General Accounting Office on military expenditures:
America's defense budget is now larger in inflation-adjusted dollars than at any point since the end of World War II, and yet our Army has fewer combat brigades than at any point in that period; our Navy has fewer combat ships; and the Air Force has fewer combat aircraft. Our major equipment inventories for these major forces are older on average than any point since 1946 ---or in some cases, in our entire history.
Interestingly, notwithstanding these quantity/quality issues and the absence of an existential threat of Soviet Cold War Era magnitude, the U.S. Government (no surprise there) and mainstream media apparently feel these expenditures justified without serious mention: Even in the midst, as we are told, of an imminent, catastrophic financial disaster!
But here we can see these two related events loosely linked as The Daily Show brilliantly draws a parallel between the dire language used to sell the Iraq Invasion and the currently proposed corporate-statist (or is it a "
corporate-socialist"?) bailout:
No comments:
Post a Comment