Saturday, July 23, 2011

Apocalypse Nigh? The essentials of the long-term crisis are simple. For a generation now, the only essential plank for any Republican candidate is a pledge not to raise taxes and to roll back even the modest sums that the rich and corporations are supposed to send to the US Treasury each year. The second plank is an equally vehement pledge, proclaimed by both parties to keep America strong by throwing money at the Pentagon. Right now the total military/security budget is in the vicinity of $1.1-$1.2 trillion, or 70 -75 per cent of the federal budget deficit.

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