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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.11

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Dec 4 4:00 PM EST

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To: elmatador who wrote (69279)	12/8/2010 11:57:16 AM
From: Hawkmoon	1 Recommendation Read Replies (1) of 218178

Americans today spend more on national defense than at any time since World War II. That's a misleading statistic. As a percentage of GDP, DOD spending is FAR lower than it was during the '50s when spending equating to upwards of 70% of US GDP. en.wikipedia.org However, I concur that there is considerable waste in all the Federal agencies, including DOD. What I fear more are the entitlement programs, which consume about 50% of the Federal Budget. These are items that cannot be but without considerable political backlash. I wish we didn't have to spend so much on Military spending, despite my own personal history as former military. But we don't live in a very friendly world and we're found over and over again that when we show weakness, other nations exploit that for their own benefit, and the resulting costs in blood and treasure have exceeded what might have been had we been properly prepared and able to deter aggression. The current struggle we're engaged in needs to be reassessed. Islamic militancy is a civil war within the Islamic world between secularists and fundamentalists. Ultimately it will be "won" by insuring that the forces of moderation and democratic reform prevail over the religious totalitarians (which is what they truly represent). Hawk

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