The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
Did the ancients understand debt better than the moderns? Watch this — note particularly the comment wrt to writing off the toxic debt of Lehman Bros. Chuck Six minutes with the renegade ecnomist – Michael Hudson Special Phi Beta Iota: More than six minutes–a special with decisive commentary on the government’s failure to save the …
Continue reading “Journal: Debt, Defense, and the Diem Moment in AF”
Weekend Edition November 19 – 21, 2010 Open Letter to Erskine Bowles How to Cut the Defense Budget By THOMAS CHRISTIE, PIERRE SPREY, FRANKLIN SPINNEY et al. Counterpunchhttp://www.counterpunch.org/christie11192010.html The Honorable Erskine Bowles National Commission on Fiscal Responsibility and Reform 1650 Pennsylvania Avenue, N.W. Washington, DC 20504 Dear Mr. Bowles: We are writing to you and …
Tip of the Hat to Contributing Editor Marcus Aurelius. Phi Beta Iota: What we notice is that the federal government is spending trillions in an elective invasion of two other countries and in the maintenance of over 700 military installations outside our territory, many of them secret and some of them for purposes antithetical to …
Continue reading “Journal: Texas Plan for State Border Defense”
What Did the Pentagon Do With That Extra Trillion Dollars? The Surge in Defense Spending By WINSLOW T. WHEELER EXTRACT: Finally, that $102 billion efficiency drive being pursued by Secretary Gates is over five years. The current Pentagon budget plan is to spend $3.245 Trillion over that period. In other words, the much touted Gates …
(COMMENT: SECDEF may be approaching culmination….) Gates Has a Ton of Work Before He Leaves Pentagon Andrea Stone Senior Washington Correspondent AOL News WASHINGTON (Aug. 16) — Robert Gates has a lot on his to-do list: Wind down two wars. Trim a bloated budget. Push through a nuclear treaty. End the ban on openly gay …
A new report from the Sustainable Defense Task Force, formed by House Financial Services Committee Chair Rep. Barney Frank (D-MA) identifies reductions in Pentagon spending while maintaining strong defense capabilities as the best response to the nation’s mounting fiscal restraints. These options cover the full range of Pentagon expenditures including procurement, R&D, personnel, operations and …
The recent publication of the 2010 QDR reveals once again, in typically leaden and mind-numbing prose, how the Pentagon is incapable of coming to grips with the mismatches among strategy, programs, and resources that its decision makers create for themselves, even when budgets are at the highest levels since the end of WWII. The F-35 …
