Orangecat
Diamond Member
- Jun 22, 2020
- 17,710
- 19,613
Tl;dr.Why don't you check when and how the US State debt evolved, before making non-relevant statements ???
When the cold war was over in 1991 the US State debt was around US$ 4 trillion - and the USSR was none existent and Russia didn't pose any threat towards NATO at all - until today - aside from waving around it's nuke potential. Highlighted endlessly by the WESTERN press. There was absolutely no threat from Russia for 30 years at all !!! - paying to protect NATO - absolute BULLSHIT.
However the USA spend trillions to pursue US global hegemonic interests Globally from 1990 onward. (Since the USSR was finally out of the equation).
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U.S. National Debt by Year
The U.S. national debt is the total of what the federal government owes creditors. The U.S. has always carried debt, but the total has expanded rapidly since 2008.www.investopedia.com
1989 $2,857 S&L Crisis 1990 $3,233 First Iraq War 1991 $3,665 Recession 1992 $4,065 1993 $4,411 Omnibus Budget Reconciliation Act 1994 $4,693 Clinton budgets 1995 $4,974 1996 $5,225 Welfare reform 1997 $5,413 1998 $5,526 Long-Term Capital Management crisis; recession 1999 $5,656 Glass-Steagall Act repealed 2000 $5,674 Budget surplus 2001 $5,807 9/11 attacks; Economic Growth and Tax Relief Reconciliation Act 2002 $6,228 War on Terror 2003 $6,783 Jobs and Growth Tax Relief Reconciliation Act; second Iraq War 2004 $7,379 Second Iraq War 2005 $7,933 Bankruptcy Act; Hurricane Katrina 2006 $8,507 Bernanke chaired Fed 2007 $9,008 Banks crisis 2008 $10,025 Bank bailouts; quantitative easing (QE) 2009 $11,910 Bailout cost $250 billion; American Recovery and Reinvestment Act (ARRA) added $242 billion 2010 $13,562 ARRA added $400B; payroll tax holiday ended; Obama tax cuts; Affordable Care Act; Simpson-Bowles debt reduction plan 2011 $14,790 Debt crisis, recession, and tax cuts reduced revenue 2012 $16,066 Fiscal cliff 2013 $16,738 Sequester; government shutdown 2014 $17,824 QE ended; debt ceiling crisis 2015 $18,151 Oil prices fell 2016 $19,573 Brexit 2017 $20,245 Congress raised the debt ceiling 2018 $21,516 Trump tax cuts 2019 $22,719 Trade wars 2020 $26,945 COVID-19 and recession 2021 $28,428 COVID-19 and American Rescue Plan Act 2022 $30,928 Inflation Reduction Act 2023 $33,167
Name me a single war - where the USA got involved due to a NATO member being attacked. - ZERO. NADA, NEVER.
The USA didn't get militarily involved neither when Turkey attacked Greece, nor when Argentina attacked the Falklands. The same goes for the e.g. Suez-crisis.
And every "wealthy" NATO member has contributed to support those "poor" NATO members, e.g. Portugal, Turkey, Greece, Poland, Romania etc. etc. - and not just the USA. Germany has contributed billions to Greece, Turkey and e.g. Poland - whilst the latter babbles about WW2 compensation.
Even the initial US 2nd hand crap that the Bundeswehr received upon becoming a NATO member in 1955 was ALL paid for by Germany.
And from the 60'ies onward Germany became the largest piggy bank in the European NATO for the US military industry. !!!
All wars since 1945 to which the USA where a part - where initiated and kicked of solely by the USA, to solely pursue US global Hegemonic interests.
And that is exactly as to what the American taxpayer is and has been paying for - since 1898. - US global supremacy.
E.g. Israel nor e.g. Egypt nor Jordan are NATO members, however both receive US$ billions. So why don't you ask these three, to pay by themselves, since the USA is indeed paying for them.
According to the 2021 estimates, U.S. defense spending will be close to $811 billion this year. On the other hand, the defense spending of all other NATO countries combined is projected to be $363 billion, Russia's defense budget will be close to $65 billion.
We (European NATO) need $ from the USA to outspend and or match Russia???? - simply ludicrous.
Just because your Trump talks bull all day long - shouldn't exempt you from trying to think for yourself from time to time.
I'm of the opinion that we should stop playing world policeman until we get our own financial house in order. And perhaps not even then. Do you disagree?