Our Passion is 2 Reach Our Individual & Collective Potential 4 Excellence & Success-Always!
The Global population has reached 7 Billion and the Abject Poor is now exceeding One Billion. The few privileged and Greedy Speculators, Derivative Managers, Commodity Exchange managers have sapped trillions of Dollars in the global economy and they continue to get bail outs, stimulus packages and recovery packages, etc.
As few are prospering at the expense of the Global Poor, the silent majority referred to as the rest of the world is left sinking in the black hole of increasing high price for oil, food and essential commodities that is creating a wave of revolutions in the low income Africans, Middle East and the PIGS (Portugal, Ireland, Greek and Spain) and soon to highly populated Asian neighborhoods.
This is the challenge of the the 21st century where unregulated Capitalism is sinking the global economy and socio-economic order of the world.
The Global Population has reached 7 Billion and the abject poor is rising to 2 Billion people. With the current commodity crisis and increasing oil and food prices, the real revolution is here to stay.
This is a crisis made by foolish and selfish men of Financial institutions who deregulated the housing and food market and artificially inflated the market price for goods and services.
Governments both within the United States and around the world are declaring bankruptcy, whereas few Global Speculators are making Billions and more. Only Saudi Arabian King has given $35 Billion to his young subjects to start business and get married to avoid the Gadafy and Mubarek type of chaos.
Portugal, Ireland, Greece Spain, and now Italy will declare bankruptcy soon, Africans continue to buy arms to murder their own citizens like the lunatic Colonel Gadafy has done for the past 42 years, and the world is just watching!
The Lybian Crisis is a painful human tragedy unfolding and no one seems to be in charge to avert the chaos.
Here is the World Bank's perspective of the Globe in this critical time in history. Only history will judge whether those who were given leadership did their best to serve the common good or not.
For the record here is World Bank with all its stories about Food Crisis, Food Inflation, Youth Poverty and impending revolutions, etc.
It is interesting that women and youth empowerment is getting leverage at global institutions and the World Bank is acknowledging the need to invest on women, children and the youth, in effect the future of our civilizations
I continue to be impressed with the World Bank progressive changes towards sustainable security, good governance and progressive prosperity based on our women and youth.
I congratulate the Bank in its leadership in this innovative directions.
I just wondered if this is too little too late or part of the series of strategy papers towards common shared vision and value and strategic options for 7 Billion global citizens! It is time to be counted and act sooner than later!
What is the solution to the Speculators and militarized governance that is rocking the budgets of global governance ? Is there no solutions for the current crisis?
I look forward to your alternative perspectives
Belai Habte-Jesus, MD, MPH
- UN Launches New Agency To Empower Women, Strengthen Gender Equality
- Investing In Adolescents Break Cycle Of Poverty, Inequity: UNICEF
- Food Inflation To Surge, Warns US
- Editorial: The Food Crisis
As the global economy is reeling with unregulated commodity, food and
energy price, the US economy is not faring any better.
Imagine, the Globe starving from food price crisis and the US starving
from Pentagon Speculators and the US Psyops counter intelligence
using its operations on its Senators and even the Joint Chief of Staff
to get Billions of more funding to the war front.
The recent MS NBC and War Correspondent report is appalling how the Military
Intelligent Officers did not even spare their own commanders
and senators to get more money while they are willing to cut
Health and social security funds from their children at home.
This is an amazing time in history to witness, greed destroying the global economy. Here is the US perspective for your information.
The Security Budget vs. the Necessities of Americans.
How does military spending impact Americans?
By Kevin Zeese
URL of this article: www.globalresearch.ca/index.php?context=va&aid=23323
Global Research, February 22, 2011
President Obama and the Congress have taken 66% of discretionary
spending in the federal budget off the table –the SecurityBudget –
while proposing a freeze to the rest of the budget and deep cuts
to some programs that provide necessities for the American people.
His budget crystallizes a choice that U.S. presidents have
been making since President Eisenhower warned of the
military-industrial complex – investment in the military vs.
investment in the civilian economy.
The bloated and sacrosanct security budget – the military, domestic
security and intelligence budgets –all saw rapid growth under
President Bush when the DoD doubled its budget. Under President
Obama the trend has continued with record military, intelligence
and domestic security budgets.
And, while the so-called recovery has only been a recovery for Wall
Street and big business, the administration and congress are focused
more on the deficit then on re-starting the economy for the rest of us.
But there is more talk of cutting Social Security and Medicare than
cutting the security budget.
In fact, these two items are called entitlements because they are a contract with
working Americans who pay for them in every paycheck. For this reason they
should not even be considered part of the deficit.
Payrolltaxes fund these two programs that are essential for older
Americans in their retirement years. Both
face budget challenges but can be fixed, indeed
Social Security has more than $2.5 trillion in Treasury Notes in reserve.
President Obama has proposed the largest DoD budget since World War II,
$553 billion (not including war funding and nuclear weapons funding in
the Department of Energy). Much attention has been shined on Secretary
of Defense Gates’proposal to “cut” $78 billion inthe Pentagonbudget.
Those “cuts” take place over five years with reductions taking place
after the 2012 election in 2014 and 2015. And, the “cuts” do not
include the cost of wars.
The Afghanistan war alone could eat up projected “savings” and if
the CIA’s war in Pakistan escalates that
will be an even bigger budget item. Further, we have not seen what
the continuing U.S. military footprint in Iraq will cost. These projected
cuts are more image than reality.
How does military spending impact Americans? President Reagan’s
former assistant secretary of defenseLawrenceKorb describes the
military budget as “an annual tax of more than $7,000 on every
household in the country.”While increasing the security budget,
Obama and the Democrats have proposed widespread cuts to
critical programs from a 50% cut in low-income heating assistance
to nearly a 30% cut to the clean drinking water fund.
They have also proposed a 25% cut ($1.3 billion) to the community
development block grants used to fund local community development
including affordable housing, anti-poverty programs, and infrastructure
development. These are essential services needed for Americans
health, safety and economic security.
Of course, Republican cuts in the House budget are even more
extreme but Obama set the table for them by making the debate
about deficits and both parties will not touch the security budget.
Military analyst, William Hartung, writes “These cuts will be painful,
and they will be felt in every middle- and lower-income household
Cities and states are cutting essential services to balance their
budgets. U.S. taxpayers will spend $737billion for Pentagon
spending for FY2011 including war funding).
To get a sense of what these means, for the same amount of money
tax payers could provide funding for 11.3 million elementary school
teachers for one year or 93.5 million scholarships for university students
for one year or restart the economy by providing 166.9 million
households with renewable electricity - solar photovoltaic for
one year.Instead all these programs face cutbacks, while military
To get a sense of the absurdity of protecting all military spending,
the federal government spends $500 million each year for military
marching bands. In comparison it spends $430 million a year on
public broadcasting. More than half of all Americans use PBS each
year, 170 million people, but PBS faces cutbacks while military
bands are protected from budget cuts.
The greater damage will be in the failure to restart the economy.
Economists like Nobel Prize winner, Paul Krugman and former
Labor Secretary Robert Reich, are convincingly urging more spending.
Big business is sitting on $2 trillion in cash stifling job creation and
a real economic recovery. There are no signs of inflation because
the recovery – if you can even it call it a recovery – is non-existent
for working Americans and the unemployed/underemployed whose
consumer purchases are needed to drive the economy. Obama risks
a 1937 mistake – cutting spending too soon and causing another collapse.
Cutting $1 trillion from the federal budget is the goal of the Obama
administration deficit plan. All of these cuts could come from military
spending and still leave the U.S. militarily dominant.
In fact, since the administration has projected an increase in spending
of $6.5 trillion from 2011 to 2020, even a trillion would be a slowing of
growth more than a real cut. Lawrence Korb lays out a five point plan
to reduce military spending by $1 trillion without jeopardizing
national security and thereby protecting U.S. economic security.
cuts without harming U.S. national security including:
•The $238 billion Joint Strike Fighter program: Cancelling the program
and relying instead on upgraded versions of current aircraft would save
almost $50 billion over ten years.
•The MV-22 Osprey: Replacing this dangerous, overpriced, and
underperforming aircraft with cheaper alternatives would save
over $10 billion over ten years.
•Reducing the number of U.S. troops in Europe and Asia to 100,000
from current levels of 150,000 would save $80 billion over a decade.
•Reforming Pentagon health care systems so that retirees pay modest,
reasonable premiums could save $60 billion over a decade.
•Scaling back missile defense and space weapons programs could
save over $50 billion over a decade.
•Further reductions in the U.S. nuclear arsenal, including deployment
of fewer ballistic-missile launching submarines, could save over $100
billion in a ten year period, much of it in operating costs.
•Reducing the size of the Navy from 286 to 230 ships would save over
$125 billion over ten years.
If you combine these recommendations of the five point plan of
Lawrence Korb, which includes items like bringing home 50,000
of the 150,000 troops stationed in Asia and Europe, reducing
the size of the Army and Marine Corps to their pre-Iraq invasion
level and reducing nuclear weapons from 1,968 to the 311 the
Military War College says is needed for defense, the U.S. would
save another $200 billion.
For many, these would only be the starting points of correctly
prioritizing military spending. President Eisenhowerwarned
about the military industrial complex 50 year ago. During that time,
U.S. spending on the military adjusted for inflation has more than
doubled and we have moved to a permanent war state.
Columbia University’s Seymour Melman, a professor of industrial engineering,
pointed out that “Industrial productivity, the foundation of every
nation’s economic growth, is eroded by the relentlessly predatory
effects of the military economy.” In fact, we have seen – as we see in
the Obama budget – a constant conflict between the military economy
and the civilian economy. The civilian economy is losing that battle.
Thomas Woods, Jr. recently wrote in the American Conservative
that military spending is parasitic as it feeds off the economy rather
than grows it. The scale of resources used by the military is exorbitant,
Woods writes: “To train a single combat pilot, for instance, costs between
$5 million and $7 million. Over a period of two years, the average U.S.
motorist uses about as much fuel as does a single F-16 training jet in less
than an hour.
The Abrams tank uses up 3.8 gallons of fuel in traveling
one mile. Between 2 and 11 percent of the world’s use of 14 important
minerals, from copper to aluminum to zinc, is consumed by the military,
as is about 6 percent of the world’s consumption of petroleum. The
Pentagon’s energy use in a single year could power all U.S. mass
transit systems for nearly 14 years.”
To get a sense of the competition between the civilian and military
economy, the Department of Commerce estimated the value of the
nation’s plants, equipment, and infrastructure (capital stock) at
just over $7.29 trillion in 1985; and from 1947 to 1987 the military
spent the equivalent, $7.62 trillion in capital resources.
With the long record of the ascendency of military spending it is not
surprising to see the U.S. economy in collapse, industry disappearing
and the infrastructure crumbling. Not only has the U.S. failed to win
a major war since World War II, but the cost of the standing army has
become a burden on all of us and a drag on the economy. Some describe
the U.S. Empire in decline and others see a collapse as possible at
The failure of President Obama to confront military spending in this
time of economic collapse and perceived deficit crisis, when tax
dollars are needed to restart the domestic economy, is not only a
short term budget failure but does not face up to the long-term
damaging economic impact of the American military empire.
Kevin Zeese is executive director of Voters for Peace
(www.VotersForPeace.US) and an editor of the book
ComeHomeAmerica.US (visit ComeHomeAmerica.US for
more information and to purchase the book).