motherjones:

And You Wonder Why We’re Broke?
Check out this International Institute for Strategic Studies infographic on military spending.

motherjones:

And You Wonder Why We’re Broke?

Check out this International Institute for Strategic Studies infographic on military spending.

ilovecharts:

dcdecoder:

Context for the defense spending discussion currently going on.
From Ilya Gerner - worth noting.

We’re number one!

ilovecharts:

dcdecoder:

Context for the defense spending discussion currently going on.

From Ilya Gerner - worth noting.

We’re number one!

apoplecticskeptic:

motherjones:

Inside the Corporate Plan to Occupy the Pentagon
Behind the growing push to slash soldiers’ pensions and other military costs is a little-known advisory group—stacked with Wall Street executives.
Wait till you read what else they’re pushing for.

Unsurprising, yet still frightening.

apoplecticskeptic:

motherjones:

Inside the Corporate Plan to Occupy the Pentagon

Behind the growing push to slash soldiers’ pensions and other military costs is a little-known advisory group—stacked with Wall Street executives.

Wait till you read what else they’re pushing for.

Unsurprising, yet still frightening.

The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion – a major victory for Osama bin Laden, whose announced goal was to bankrupt America by drawing it into a trap. American Decline: Causes & ConsequencesNoam Chomsky. (via promotingpeace)

(via fatimahfeatnoam-deactivated2011)

shortformblog:

soupsoup:

Helpful reminder from Clusterstock that Bush drove us into this ditch, and a full rundown of downgrade reporting.

Very helpful indeed.

It doesn’t matter at this point who got us here but why we are here. What if all the funds spent on the war were instead invested on infrastructure and long term sustainability projects? Capitalists would still make money but not as much because sustainable markets mean less volatility and therefore less opportunity for those short term speculative gains. What we need now is for some of those super wealthy individuals/companies to pony up and say, train from Chicago to Detroit? Hey, I’ve got the funds…let’s do this. These people exist all over the globe and it would likely take just one or two of them and some thoughtful PR to get the ball rolling. 

shortformblog:

soupsoup:

Helpful reminder from Clusterstock that Bush drove us into this ditch, and a full rundown of downgrade reporting.

Very helpful indeed.

It doesn’t matter at this point who got us here but why we are here. What if all the funds spent on the war were instead invested on infrastructure and long term sustainability projects? Capitalists would still make money but not as much because sustainable markets mean less volatility and therefore less opportunity for those short term speculative gains. What we need now is for some of those super wealthy individuals/companies to pony up and say, train from Chicago to Detroit? Hey, I’ve got the funds…let’s do this. These people exist all over the globe and it would likely take just one or two of them and some thoughtful PR to get the ball rolling. 

(via technipol)

pantslessprogressive:

Taxing Millionaires Would Save Billions More Than Cutting Education And Programs For Main Street | ThinkProgress


Rep. Jan Schakowksy (D-IL), along with a number of her progressive congressional colleagues, has introduced a plan that demands real “shared sacrifice.” Her plan, The Fairness in Taxation Act, calls for creating new tax brackets for the richest Americans, starting at a 45 percent rate for people whose income is $1 million. Her bracket would impose the highest rate — 49 percent — on billionaires.
A chart provided by her congressional office [seen above] demonstrates that asking the wealthiest among us to pay a little more would actually save more money than all of the House Republicans’ cuts to domestic spending combined. House Resolution 1, which gutted funding on Pell Grants, low-income housing aid, community health centers, and other important programs for Main Street Americans, cut a total of $61 billion. Meanwhile, Schakowsky’s plan saves $78.9 billion, considerably more. [read more]

pantslessprogressive:

Taxing Millionaires Would Save Billions More Than Cutting Education And Programs For Main Street | ThinkProgress

Rep. Jan Schakowksy (D-IL), along with a number of her progressive congressional colleagues, has introduced a plan that demands real “shared sacrifice.” Her plan, The Fairness in Taxation Act, calls for creating new tax brackets for the richest Americans, starting at a 45 percent rate for people whose income is $1 million. Her bracket would impose the highest rate — 49 percent — on billionaires.

A chart provided by her congressional office [seen above] demonstrates that asking the wealthiest among us to pay a little more would actually save more money than all of the House Republicans’ cuts to domestic spending combined. House Resolution 1, which gutted funding on Pell Grants, low-income housing aid, community health centers, and other important programs for Main Street Americans, cut a total of $61 billion. Meanwhile, Schakowsky’s plan saves $78.9 billion, considerably more. [read more]

(via pantslessprogressive)

The F-35 is designed to be the core tactical fighter aircraft for the U.S. military, with three versions for the Air Force, Navy, and the Marine Corps. Each plane clocks in at around $90 million. In a decade’s time, the United States plans to have 15 times as many modern fighters as China, and 20 times as many as Russia.

So, how many F-35s do we need? 100? 500? Washington intends to buy 2,443, at a price tag of $382 billion. Add in the $650 billion that the Government Accountability Office estimates is needed to operate and maintain the aircraft, and the total cost reaches a staggering $1 trillion. In other words, we’re spending more on this plane than Australia’s entire GDP ($924 billion).

The F-35: A Weapon That Costs More Than Australia - Dominic Tierney - National - The Atlantic (via markcoatney)

On one hand, holy crap and on the other hand, holy crap! Once Hillary is done in Washington can we hope she writes about all she has been through in attempts to shift spending elsewhere?

(via markcoatney)