Fretting Over Deficit, House Still Approves Record Budget
America’s economy is continuing to struggle. With talk of a “double-dip recession,” massive unemployment and a budget deficit so large that financial analysts are openly talking about the US defaulting on its national debt, all spending is subjected to serious scrutiny.
Except for the Pentagon, where after days of debate about amendments finally came to an end and both parties came together to overwhelmingly approve a $649 billion military spending bill, assuring the upcoming military budget is, as it has been in so many recent years, the largest in human history.
House Republican Policy Committee chair Tom Price (R – GA) praised the vote, saying approving the hike in military spending proved “responsible leadership” for a nation fighting several wars.
In reality, however, it shows the stark disconnect between Congress’ feigned seriousness about tackling the budget deficits and the enormous military budget. Most other NATO member nations are rushing to cut their military spending to get the financial houses in order. In America, this debate has been all but shelved in favor of what is perceived as the politically safe move, spending two thirds of a trillion dollars that they don’t have.
Last 5 posts by Jason Ditz
- As Rebels Press Offensive, Ukraine President Vows to Return Calm - January 25th, 2015
- US, India Reach Understanding on Nuclear, Defense Ties - January 25th, 2015
- This Week, US Will Send 1,000 More Ground Troops to Iraq - January 25th, 2015
- Iranian Parliament Vows Retaliation if US Imposes New Sanctions - January 25th, 2015
- Yemen's Houthi Rebels: More Moderate Than US Presents Them - January 25th, 2015