Wars Sending US into Ruin

U.S. President Barack Obama calls the $3.8-trillion US budget he just sent to Congress a major step in restoring America's economic health.


In fact, it's another potent fix given to a sick patient deeply addicted to the dangerous drug - debt.


More empires have fallen because of reckless finances than invasion. The latest example was the Soviet Union, which spent itself into ruin by buying tanks.


Washington's deficit (the difference between spending and income from taxes) will reach a vertiginous $1.6 trillion US this year. The huge sum will be borrowed, mostly from China and Japan, to which the U.S. already owes $1.5 trillion.

The cost of our empire is more than we can afford so we just put it on the nation's credit card which, apparently, has no maximum limit.