Why defense spending should be cut
August 3, 2011
Fareed Zakaria: “the U.S. defense establishment is the world’s largest socialist economy”
Phi Beta Iota: This talented individual has never left the “lane in the road” assigned to him. He thrives on “civility” and not questioning what passes for conventional wisdom among the elites. As much as all of us who have been saying this for decades are glad to hear him speak such common sense, what this really tells us is that Wall Street is now ready to sacrifice the Military-Industrial-Congressional Complex (MICC) and all their jobs, to save its own multi-million dollar bonuses. Banks and Big Oil are the winners, the public continues to lose precisely because no one is actually representing the public interest.
