Americas Wars and the United States Debt Crisis by Jeffrey D. Sachs!
(2023-06-03 at 15:00:04 )

Americas Wars and the United States Debt Crisis by Jeffrey D. Sachs!

To surmount the debt crisis, America needs to stop feeding the Military-Industrial Complex, the most powerful lobby in Washington,D.C..

In the year 2000, the United States government debt was $3.5 trillion, equal to 35% of the Gross Domestic Product (GDP). By 2022, the debt was $24 trillion, equal to 95% of GDP. The United States debt is soaring, hence Americas current debt crisis. Yet both Republicans and Democrats are missing the solution: stopping Americas wars of choice and slashing military outlays.

Suppose the governments debt had remained at a modest 35% of GDP, as in 2000. Todays debt would be $9 trillion, as opposed to $24 trillion. Why did the United States government incur the excess $15 trillion in debt?

The single biggest answer is the United States governments addiction to war and military spending. According to the Watson Institute at Brown University, the cost of United States wars from fiscal year 2001 to fiscal year 2022 amounted to a whopping $8 trillion, more than half of the extra $15 trillion in debt. The other $7 trillion arose roughly equally from budget deficits caused by the 2008 financial crisis and the Covid-19 pandemic.

Facing down the military-industrial lobby is the vital first step to putting the United States of Americas fiscal house in order

To surmount the debt crisis, America needs to stop feeding the Military-Industrial Complex (MIC), the most powerful lobby in Washington,D.C. As President Dwight D. Eisenhower famously warned on January 17, 1961, "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist." Since 2000, the MIC led the United States into disastrous wars of choice in Afghanistan, Iraq, Syria, Libya, and now Ukraine.

The Military-Industrial Complex long ago adopted a winning political strategy by ensuring that the military budget reaches into every Congressional district. The Congressional Research Service recently reminded Congress that, "Defense spending touches every Member of Congress district through pay and benefits for military servicemembers and retirees, economic and environmental impact of installations, and procurement of weapons systems and parts from local industry, among other activities." Only a brave member of Congress would vote against the military-industry lobby, yet bravery is certainly no hallmark of Congress.

Americas annual military spending is now around $900 billion, roughly 40% of the worlds total, and greater than the next 10 countries combined. United States military spending in 2022 was triple that of China. According to Congressional Budget Office, the military outlays for 2024-2033 will be a staggering $10.3 trillion on current baseline. A quarter or more of that could be avoided by ending Americas wars of choice, closing down many of Americas 800 or so military bases around the world, and negotiating new arms control agreements with China and Russia.

Yet instead of peace through diplomacy, and fiscal responsibility, the MIC regularly scares the American people with a comic-book style depictions of villains whom the United States must stop at all costs. The post-2000 list has included Afghanistans Taliban, Iraqs Saddam Hussein, Syrias Bashar al-Assad, Libyas Moammar Qaddafi, Russias Vladimir Putin, and recently, Chinas Xi Jinping. War, we are repeatedly told, is necessary for Americas survival.

A peace-oriented foreign policy would be opposed strenuously by the military-industrial lobby but not by the public. Significant public pluralities already want less, not more, United States involvement in other countries affairs, and less, not more, United States troop deployments overseas.

Regarding Ukraine, Americans overwhelmingly want a "minor role" (52%) rather than a "major role" (26%) in the conflict between Russia and Ukraine. This is why neither Biden nor any recent president has dared to ask Congress for any tax increase to pay for Americas wars. The publics response would be a resounding "No!"

While Americas wars of choice have been awful for America, they have been far greater disasters for countries that America purports to be saving.

As Henry Kissinger famously quipped, "To be an enemy of the United States can be dangerous, but to be a friend is fatal." Afghanistan was Americas cause from 2001 to 2021, until the U.S. left it broken, bankrupt, and hungry. Ukraine is now in Americas embrace, with the same likely results: ongoing war, death, and destruction.

The military budget could be cut prudently and deeply if the United States replaced its wars of choice and arms races with real diplomacy and arms agreements.

If presidents and members of congress had only heeded the warnings of top American diplomats such as William Burns, the U.S. Ambassador to Russia in 2008, and now CIA Director, the U.S. would have protected Ukraines security through diplomacy, agreeing with Russia that the U.S. would not expand NATO into Ukraine if Russia also kept its military out of Ukraine. Yet relentless NATO expansion is a favorite cause of the MIC; new NATO members are major customers of United States armaments.

The United States has also unilaterally abandoned key arms control agreements. In 2002, the U.S. unilaterally walked out of the Anti-Ballistic Missile Treaty. And rather than promote nuclear disarmament-as the U.S. and other nuclear powers are required to do under Article VI the Nuclear Non-Proliferation Treaty-the Military-Industrial Complex has sold Congress on plans to spend more than $600 billion by 2030 to "modernize" the United States nuclear arsenal.

Now the MIC is talking up the prospect of war with China over Taiwan. The drumbeats of war with China are stoking the military budget, yet war with China is easily avoidable if the United States adheres to the One-China policy that properly underpins United States-China relations. Such a war should be unthinkable. More than bankrupting the United States, it could end this world!!

Military spending is not the only budget challenge. Aging and rising healthcare costs add to the fiscal woes. According to the Congressional Budget Office, debt will reach 185 percent of GDP by 2052 if current policies remain unchanged. Healthcare costs should be capped while taxes on the rich should be raised. Yet facing down the military-industrial lobby is the vital first step to putting Americas fiscal house in order, needed to save the United States, and possibly the world, from Americas perverse lobby-driven politics.

This article was updated with the $9 trillion figure in the second paragraph.

Reprinted here from "Common Dreams" has been providing breaking news & views for the progressive community since 1997. We are independent, non-profit, advertising-free and 100% reader supported.