By SAUL LANDAU and NELSON P. VALDES
Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life…. Under the clouds of war, it is humanity hanging on a cross of iron.
--Dwight Eisenhower, American Society of Newspaper Editors, 16 April 1953
President Obama called his $3.8-trillion budget a big step in restoring America’s economic health. Last year he promoted TARP, the Troubled Assets Relief Program to bail out the financial sector at a mere $700 billion. Anyone – even billionaire bankers -- can make mistakes that wreak ruin on the rest of us!
Obama also declared as “untouchable” the Pentagon budget of $1.5 trillion (including hidden costs in other government branches), which dwarfs the rescue package for the financial oligarchs. Both payouts, however, used the same logic: Congress taking from the have-nots and giving it to the have-mores. Indeed, the economic, political and military potentates depend on the federal budget to transfer taxpayer resources to them.
http://www.counterpunch.org/landau03052010.html