AMERICA IS BROKE AND BORROWING LIKE CRAZY

By Frosty Wooldridge
May 5, 2011
NewsWithViews.com

[Disclaimer: The opinion expressed in this article are solely those of Frosty Wolldridge and not necessary the opinion of NWV, its staff or other writers.]

Back in 1965, the United States of America enjoyed the status of being the largest lender nation in the world. Today, America suffers the enigma of being the largest debtor nation on the planet.

The U.S. government borrows in excess of $2 billion a day to float its false economy where manufacturing has been shipped off to China and every other country in the world.

Today, our $800 billion a year military budget wastes untold amounts of money that does nothing to keep Americans safe or secure. In a definitive statement, retired Army combat veteran Colonel Andrew J. Bacevich wrote a book: Washington Rules: America’s Path to Permanent War.

In it, Bacevich said, “America uses its military power for global power projection and global interventionism and has since the Truman administration. The US spends $800 billion annually, as much or greater outlays of treasure than is spent by all the rest of the world combined for military spending.â€