US starts New Cold War with Russia: The New Arms Race
The Cost of Hegemony is Beyond Reach

by Paul Craig Roberts
Global Research, December 4, 2008


Undeterred by massive budget deficits from wars, a falling economy, and financial bailouts, the US government has managed to start a new cold war with Russia. Last Friday, the Russian military announced that it was developing a new generation of ballistic missiles in response to the US government’s decision to deploy ballistic missile defenses in Poland and the Czech Republic.

The “peace dividendâ€