US ‘addiction to war’ drives global fear and debt crisis
IN 2000, the US government debt was $3.5 trillion, equal to 35% of the gross domestic product (GDP). By last year, the debt was $24 trillion, equal to 95% of GDP.
The country’s debt is soaring, hence America’s current debt crisis. Yet both the Republicans and Democrats are missing the solution: stopping America’s wars of choice and slashing military outlays.
Suppose the government’s debt had remained at a modest 35% of GDP, as in 2000, today’s debt would be $9 trillion, as opposed to $24 trillion. Why did the US government incur the excess $15
