WAR DRIVES DEBT;
DEBT DRIVES WAR
Reasons to Kill: Why Americans Choose War, Richard Rubenstein,2010
Rogue State and Killing Hope — William Blum
http://en.wikipedia.org/wiki/Timeline_of_United_States_military_operations
http://whatreallyhappened.com/WRHARTICLES/usinterventionism.html?q=usinterven
tionism.html
http://mindprod.com/politics/iraqwarpix.html#IRAQWARPIX
Bank of England
…original Subscribers of
the said Sum of Twelve
Hundred Thousand Pounds
so subscribed, … shall have,
or be entitled to any Part,
Share, or Interest of or in
the Principal or Capital
Stock of the said
Corporation, or the said
yearly Fond of One
Hundred Thousand Pounds,
granted by the said Act of
William III (of Orange) (1650 – 1702)
Parliament,… —Charter B of E
Amer. war
Access. Wm. III
1600
1700
7 yrs. war
1800
An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations
— William Playfair, 1805
First Bank of the United States
Founded 1791
Permanent address completed in 1797
U. S. Treasury Historical Debt Outstanding
1791 – 2012(non-linear)
U. S. Treasury Historical Debt
Outstanding
1E+12
1E+9
1E+9
1E+6
1791 – 2012(non-linear)
WW II
1E+12
War of 1812
WW I
Civil War
Mex. Amer.
War
1E+9
1E+9
1E+6
U. S. Treasury Historical Debt Outstanding
End of 1st
Bank
End of
2nd Bank
WAR OF 1812
1791 - 1840
U. S. Treasury Historical Debt Outstanding
Mex. Amer.
War
U. S. Treasury Historical Debt Outstanding
Civil War
U. S. Treasury Historical Debt Outstanding
Spanish
American War
U. S. Treasury Historical Debt Outstanding
1913 -1939
WWI
U. S. Treasury Historical Debt Outstanding
WWII
U. S. Treasury Historical Debt Outstanding
ACCUMULATED WAR DEBT thru WWII
War of 1812
01/01/1816 127,334,933.74
01/01/1812 45,209,737.90
82,125,195.84
Mexican American War
07/01/1849 63,061,858.69
07/01/1845
15,925,303.01
47,136,555.68
Civil War
07/01/1866 2,773,236,173.69
07/01/1860
64,842,287.88
2,708,393,885.81
Spanish American War
07/01/1900 2,136,961,091.67
07/01/1898 1,796,531,995.90
340,429,095.77
WWI
07/01/1919 27,390,970,113.12
07/01/1913
2,916,204,913.66
24,474,765,199.46
WWII
06/28/1946 269,422,099,173.26
06/30/1939 40,439,532,411.11
228,982,566,762.15
82,125,195.84
47,136,555.68
2,708,393,885.81
340,429,095.77
24,474,765,199.46
228,982,566,762.15
$256,553,291,498.87
U. S. Treasury Historical Debt Outstanding
WAR DRIVES DEBT
Korean War
U. S. Treasury Historical Debt Outstanding
Viet Nam War
Dollars
Kosovo
Desert Storm
Continuous war
In the long run,
we are all dead.
John Maynard Keynes
1883 - 1946
Memories of 1937, when concern
for a balanced budget had led to
both tax increases and expenditure
reductions at a time when the
unemployment rate, while
declining, was still very high, were
still strong. That action
subsequently was viewed widely
as the reason for the 1937 – 1938
contraction and the persistence of
depression conditions until the
onset of World War II stimulated
spending and led to previously
unmatched budgetary deficits. —
The Rediscovery of the Business
Cycle, 1978
Paul A. Volcker, former Chairman of the
Federal Reserve Board of Governors.
…we must guard against
the acquisition of
unwarranted influence,
whether sought or
unsought, by the militaryindustrial complex. —
“Farewell Address”, 1961
Dwight David Eisenhower,
34th U. S. President
…we must guard against
the acquisition of
unwarranted influence,
whether sought or
unsought, by the
[financial]- militaryindustrial complex. —
“Farewell Address”, 1961
Dwight David Eisenhower,
34th U. S. President
Korean
War
Viet Nam
War
Kosovo
Desert
Storm
U. S. Treasury Historical Debt Outstanding
Continuous
War
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
•War production creates millions of jobs, military and civilian.
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
•War production creates millions of jobs, military and civilian.
•War contracts are pork barrel for Congresspersons.
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
•War production creates millions of jobs, military and civilian.
•War contracts are pork barrel for Congresspersons.
•War profits support campaign contributions (bribes).
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
•War production creates millions of jobs, military and civilian.
•War contracts are pork barrel for Congresspersons.
•War profits support campaign contributions (bribes).
•Military research contracts corrupt educational institutions.
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
•War production creates millions of jobs, military and civilian.
•War contracts are pork barrel for Congresspersons.
•War profits support campaign contributions (bribes).
•Military research contracts corrupt educational institutions.
•Deficit spending is more palatable in war emergency.
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
•War production creates millions of jobs, military and civilian.
•War contracts are pork barrel for Congresspersons.
•War profits support campaign contributions (bribes).
•Military research contracts corrupt educational institutions.
•Deficit spending is more palatable in war emergency.
•Deficit spending on war keeps unsustainable economy going.
FEATURES OF MILITARISM AS POLITICAL ECONOMY
•Must have enemies and will create them.
•Military professionals need war on their résumés.
•War production creates millions of jobs, military and civilian.
•War contracts are pork barrel for Congresspersons.
•War profits support campaign contributions (bribes).
•Military research contracts corrupt educational institutions.
•Deficit spending is more palatable in war emergency.
•Deficit spending on war keeps unsustainable economy going.
•Military suppliers own media.
ASSYMETRICAL
WARFARE
INTEREST EXPENSE
Available Historical Data Fiscal Year End
2012……. $359,796,008,919.49
2011……. $454,393,280,417.03
2010……. $413,954,825,362.17
2009……. $383,071,060,815.42
Interest Expense Fiscal Year 2013
June ………………….. $93,031,790,187.97
May ………………….. $24,378,480,861.09
April ………………….. $35,951,751,963.63
March ……………….. $23,472,400,737.30
February …………… $16,901,310,565.17
January …………….. $17,816,590,831.57
December …………. $95,736,594,801.52
November …………. $25,068,968,472.99
October …………….. $12,922,741,407.27
Fiscal Year Total .. $345,280,629,828.51
Total interest this page… $1.9564 trillion
U. S. Treasury website 07-13-2013
$56.999 trillion
$56.999 + (intragovernmental debt)$4.814 = $61.813 trillion
Federal Reserve Bulletin 07-13-2013
RECESSIONS
Continuing
poor economy
U. S. Treasury Historical Debt Outstanding
DEBT DRIVES WAR
WAR DRIVES DEBT;
DEBT DRIVES WAR