The financial system in the United States is in ruin. We exist today in a sort of extended, suspended animation. Real wages, i.e. the actual money that Americans put in their pocket after taxes and other costs do not come close to supporting the lifestyle we’ve all become accustomed to. We cannot afford the cars, the clothes, the home, the food so they’re all purchased on credit. The credit soaks up more and more of the real wage so at the end of the month there really is nothing left. And yet, because somewhere between 60%-70% of our entire economy is based on consumer spending, we all need to continue spending so that the rest of us continue to have the jobs that are predicated on that consumer spending. Great system, huh?
Now if you’ve read this blog for any amount of time, you know I’m the strongest supporter of our military. I will consult with any active duty military for free and I have made a commitment to make sure that no member of our military in Florida has to face foreclosure without an experienced foreclosure defense attorney on their side.
With my bona fides firmly in place it is critically important that all of America understand just how out of whack our military spending is when compared to the rest of the world. Now one thing to keep in mind with military spending is that a huge percentage of the total spending goes toward actual wages or payroll that becomes part of the domestic product and even the spending on weapons systems and gear becomes part of the domestic economy, but the much bigger question is,
What if we had focused our military spending priorities on healthcare or education or anything else?
Now take a look at the graph below and just let it soak in. Do you feel real safe in this country? I feel safe in some respects, but I felt a whole lot safer in Costa Rica, a country with no standing army. Even though they have no standing army, I’m fairly certain Costa Ricans are not too vulnerable to a terrorist attack….
After you gaze upon the graphic, go onto Wikipedia and explore all aspects of our military spending policies….
The world’s top 5 largest military budgets in 2009. Figures sourced from SIPRI.