President Obama Signs $607 Billion Defense Bill In Hawaii

By: Friday December 27, 2013 6:30 am

Yesterday President Obama signed the $607 billion National Defense Authorization Act which was one of the last items completed by the Senate before they recessed. The bill is a massive spending program on the war economy with no justification in a time of austerity and limited security threats. The obscene nature of the bill did [...]

Tea Party Furious Over War Industry Patronage In Ryan-Murray Budget

By: Thursday December 12, 2013 5:57 am

Progressives are not the only ones disgusted by the ludicrous military spending in the Ryan-Murray budget deal. Yesterday Rick Santelli – whose outburst over government assistance to homeowners is alleged to have started the Tea Party – hosted David Stockman, the former Office of Management and Budget Director for the Reagan Administration. In a rant [...]

GDP Drops As War Economy Slows Down

By: Wednesday January 30, 2013 7:07 am

Call it a victory for Military Keynesianism theory as today’s dreadful GDP numbers seem to be a result of a drop off in military spending. The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy [...]

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