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Glenn Greenwald: America's Creditor Identifies Its Budget Problem - Bloated Military Spending

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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-12-11 05:59 PM
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Glenn Greenwald: America's Creditor Identifies Its Budget Problem - Bloated Military Spending
Edited on Tue Jul-12-11 06:59 PM by Hissyspit
http://www.salon.com/news/opinion/glenn_greenwald/2011/07/12/china/index.html


TUESDAY, JUL 12, 2011 18:13 ET
America's creditor identifies its budget problem
BY GLENN GREENWALD

As the GOP and a Democratic President plot to cut the safety net for Americans based on an alleged debt crisis, it's extraordinary how little attention this problem receives:

- snip -

The chief of the General Staff of the People’s Liberation Army, Chen Bingde, told reporters he thought the U.S. should cut back on defense spending for the sake of its taxpayers. He was speaking during a joint news conference in which he traded barbs with visiting U.S. counterpart Adm. Mike Mullen.

"I know the U.S. is still recovering from the financial crisis," Chen said. "Under such circumstances, it is still spending a lot of money on its military and isn’t that placing too much pressure on the taxpayers? If the U.S. could reduce its military spending a bit and spend more on improving the livelihood of the American people ... wouldn’t that be a better scenario?" he said. . . .


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Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-12-11 06:02 PM
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1. "it would indicate...
...that American elites are willing to do more than blithely impose pain on, and demand sacrifice from, ordinary Americans,"

I thought that was the whole point of what they were doing?
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-12-11 07:01 PM
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2. Kick nt
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-12-11 08:36 PM
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3. Chen know the US is not about to reduce MIC spending and risk erosion in its drive for global
hegemony. :patriot:
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