While the national debt of the United States was recorded at 22.03 trillion as of April 2019, Washington’s going ahead with its hawkish policies worldwide with recent NATO summit pushing for further unity against China, Russia and Iran. NATO’s annual overall military budget was US$ 957 billion in 2017 where the US’s share was US$ 686 billion, accounting for 72 percent of the total. This number is pressed by the US to rise in the years to come.
According to The Guardian, Trump takes more than $1tn in taxpayer money and allocates $750bn to the military. In other words, out of every taxpayer dollar, 62 cents go to the military and Department of Homeland Security and seven cents to Veterans affairs. It leaves just 31 cents for all the rest: education, job training, community economic development, housing, safe drinking water and clear air, health and science research and the prevention of war through diplomacy and humanitarian aid.
The Trump budget finds vast billions for militarization, while it cuts “smaller” poverty alleviation projects and other programs, claiming the goal is to save money.
Rutherford Institute’s founder and director John W. WhiteHead writes in his institute’s website that the American nation is being preyed upon by a military industrial complex that is propped up by war profiteers, corrupt politicians and foreign governments. He remarks:
“Don’t be fooled into thinking that your hard-earned tax dollars are being used for national security and urgent military needs”.
He writes “you know what happens to tax dollars that are left over at the end of the government’s fiscal year? Government agencies – including the Department of Defense – go on a ‘use it or lose it’ spending spree so they can justify asking for money in the next fiscal year”.
“We are talking about $97 billion worth of wasteful spending”
He maintains that the nation’s educational system is pathetic, the infrastructure is antiquated and growing more outdated by the day and the health system is overpriced and inaccessible to those who need it most.
The tax cuts on super-rich, outflow of huge sums in interest payment for debt and more spending are plunging the US economy into a new crisis,