Barbara Lee of California responded on Twitter by writing, “[President] Trump’s morally bankrupt budget will funnel more money to the Pentagon at the expense of the poor [and] our planet. This is an awful idea.”


Will Trump be fair and put 100% tax on on military contractors’ profits???  Trump has no plan.  He just wants to throw money around–at ALL OF OUR EXPENSIVE.–kas

Well, look, there is no grand strategy here. It’s unclear to what purpose all this money will be put. And anyone who calls for even more spending, I think, is missing the point. The United States has this year a military budget of $583 billion. Adding $54 billion will take us well into the $600 billion a year. Absent a grand strategy for this increase, what is it to be spent on? It will just, in fact, hurt the United States domestically and abroad, I think, make us more insecure.”–Neta Crawford, co-director of the Costs of War Project and a professor of political science at Boston University.

US ECONOMY

 

The Iraq and Afghanistan wars have contributed to significant economic setbacks in the United States, through lost opportunities for investment in public infrastructure and services and higher borrowing rates. Contrary to the widespread belief that war is a particularly effective way to create jobs, US federal spending on the current wars would have led to more jobs had the money been invested instead in education, health care, or home weatherization.

Similarly, the hundreds of billions of dollars invested in military assets such as ships and aircraft during the first decade of the wars would have led to larger capital improvements had these dollars instead been invested in core public economic infrastructure, such as roads and water systems.

The wars have also impacted interest rates charged to borrowers by banks and other creditors. This is the result of war spending financed entirely by debt, which has contributed to a higher ratio of national debt to Gross Domestic Product (GDP), and subsequent rising long-term interest rates.

Each of these issues can be counted as a significant cost of the post-9/11 wars.

“[I]n fact, the United States could decrease its military spending by 10 percent, 20 percent, in fact, and be just as safe, probably more safe.–Neta Crawford, co-director of the Costs of War Project and a professor of political science at Boston University.

Read and listen to more here:

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About eslkevin

I am a peace educator who has taken time to teach and work in countries such as the USA, Germany, Japan, Nicaragua, Mexico, the UAE, Kuwait, Oman over the past 4 decades.
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