Annual budget deficits are projected to soon surpass $1 trillion, on their way to $2 trillion or even $3 trillion in 10 to 15 years. Social Security and Medicare face a combined $100 trillion cash deficit over the next 30 years, which would push the national debt to nearly 200 percent of the gross domestic product (GDP). At that point, interest on that debt would consume 40 percent of all tax revenues—or more, if interest rates rise. Unless reforms are enacted, global markets will, at some...
Authored by Jason Ditz via AntiWar.com,
A new report from Brown University is aiming to provide a close estimate of the cost of the overall cost to the US government of its myriad post-9/11 wars and assorted global wars on terror. The estimate is that $5.933 trillion has been spent through fiscal year 2019.
This is, of course, vastly higher than official figures, owing to the Pentagon trying to oversimplify the costs into simply overseas contingency operations. It is only when one considers...
Trump waves the bloody shirt.