And the Chinese leaders know that America, by this foolhardy agenda, is continuing to materially weaken itself and that it won't be long before its financial House of Cards begins to collapse. Very clever, those Chinese. Their plan to weaken America is not the least bit complicated and it's working to perfection.
Now, wouldn't it be reasonable to think that this president and the key members of Congress would be totally cognizant of that very scenario just portrayed; that they should be fully aware of China's plan and the strategy behind it? Could they be so blinded and shallow-minded not to understand what China's intentions are?
Can't these governmental leaders perform basic math? All they need to do is to add up the annual revenues that this government receives from all sources, calculate total spending from all areas, being sure to include all aspects of military spending and all the proceeds from foreign investments, aka loans, (the lion's share from China) and calculate the result.
Then let them take that same calculation and result, remove that portion of revenue that comes from Chinese investments and then see what they get. They can easily determine that the great shortfall in revenues vs. spending can be directly attributed to the grossly excessive military spending. And, if they could come out of their political fog they just might think about what's going to happen not if, but when, China decides to pull the plug on their investments.
Here's an article that shows "The True Costs of Empire" and shows the enormous cost of maintaining these bases and the extent of waste of taxpayer funds. Experts on military matters have concluded that this nation spends as much as $1.2 trillion annually on maintaining our military.
In speaking of the massive waste involved with military spending, here is a prime example of how taxpayer dollars are being totally misused in government contracts with defense contractors. Lockheed Martin's F35 fighter jet being developed for the Defense Department has been in the works for over a decade. The program has been beset by administrative problems, huge cost overruns and serious technical problems. It's generally acknowledged to be one of the biggest boondoggles in American history. Estimates put the current cost of developing, testing and building the F-35 multi-role fighter jet at $396 billion, a forecast that assumes U.S. purchases of 2,443 production jets, on top of 14 test planes.
This is a program that many experts say is a complete failure and should be ended immediately. But this just happens to be a defense project that is simply to big to kill because it involves 1,300 suppliers in 45 states supporting 133,000 jobs. In other words, while it's a terrible waste of taxpayer dollars, it can't be terminated because of the people it employs and the profits that Lockheed Martin continues to rake in. This is pure government insanity but who's going to stop it?
This situation brings to mind a quote from Ross Perot when he was running for president in 1992; he famously referred to "that giant sucking sound", describing how American jobs would be going south to Mexico if the then proposed NAFTA free-trade agreement was approved. He was right and we are still paying the price for that government blunder. But today we hear a giant sucking sound far louder than the one described by Perot. It is the bloated, obscene, out of control military spending that is sucking the lifeblood out of America.
There is nothing complicated about what this government must do. It must convert this nation's concentration on military supremacy into a concentration on economic supremacy. A significant portion of the military funding must be shifted to domestic needs; we need to start rebuilding America beginning with the restoration of our manufacturing sector, the driving force of growth and prosperity; that which creates jobs for Americans who, in turn, buy American products. That's the essence of our economic system, driven by the purchasing power of the American consumer.
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