J
The U.S. is struggling to pay for its foreign military bases.
The U.S. maintains 800 foreign military bases spread across 80 countries, according to
David Vine, an associate professor of Anthropology from American University. These bases
cost U.S. taxpayers over $156 billion per year—almost one fifth of all U.S. military spending.
https://www.mintpressnews.com/214492-2/214492/
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With the federal budget deficit projected to soar to $1 trillion by 2020, interest
payments are consuming an increasing share of U.S. tax revenues.
https://www.nytimes.com/2018/04/09/...&gwh=DDCF01EF3D40F5A5622747DC67D26479&gwt=pay
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Within the next few years, the federal government is projected to spend
more on interest than on defense.
https://blogs.wsj.com/economics/201...efense-and-nondefense-discretionary-spending/
This means that America will be forced into making budget cuts or printing massive amounts
of money. Since 62 percent of the $4.407 trillion slated to be spent in fiscal year 2019 is ear-
marked for mandatory spending programs like Medicare and Social Security, all budget cuts
must come from the discretionary budget (unless Congress reforms mandatory spending).
This likely means defense budget cuts in the near future.
https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
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Congress acknowledges this reality and projects that defense spending will fall from
4.7 percent to 2.7 percent of the nation’s gross domestic product within a decade.
https://www.usnews.com/opinion/arti...e-will-bankrupt-the-nation-we-need-reform-now
If the nation is forced to cut defense spending, its overseas military bases will likely be one
of the first expenses to go. The loss of these bases would transform America from a global
hegemon projecting power around the world into a normal nation just defending its borders.
Many people on both sides of the political spectrum would love to see this happen. Many on
the left view America’s overseas military bases as oppressive colonial outposts, while many
on the right view them as a needless burden on taxpayers.
The U.S. maintains 800 foreign military bases spread across 80 countries, according to
David Vine, an associate professor of Anthropology from American University. These bases
cost U.S. taxpayers over $156 billion per year—almost one fifth of all U.S. military spending.
https://www.mintpressnews.com/214492-2/214492/
-
With the federal budget deficit projected to soar to $1 trillion by 2020, interest
payments are consuming an increasing share of U.S. tax revenues.
https://www.nytimes.com/2018/04/09/...&gwh=DDCF01EF3D40F5A5622747DC67D26479&gwt=pay
-
Within the next few years, the federal government is projected to spend
more on interest than on defense.
https://blogs.wsj.com/economics/201...efense-and-nondefense-discretionary-spending/
This means that America will be forced into making budget cuts or printing massive amounts
of money. Since 62 percent of the $4.407 trillion slated to be spent in fiscal year 2019 is ear-
marked for mandatory spending programs like Medicare and Social Security, all budget cuts
must come from the discretionary budget (unless Congress reforms mandatory spending).
This likely means defense budget cuts in the near future.
https://www.thebalance.com/u-s-federal-budget-breakdown-3305789
-
Congress acknowledges this reality and projects that defense spending will fall from
4.7 percent to 2.7 percent of the nation’s gross domestic product within a decade.
https://www.usnews.com/opinion/arti...e-will-bankrupt-the-nation-we-need-reform-now
If the nation is forced to cut defense spending, its overseas military bases will likely be one
of the first expenses to go. The loss of these bases would transform America from a global
hegemon projecting power around the world into a normal nation just defending its borders.
Many people on both sides of the political spectrum would love to see this happen. Many on
the left view America’s overseas military bases as oppressive colonial outposts, while many
on the right view them as a needless burden on taxpayers.
Defending our borders will be far more of a literal scenario than we can imagine today.
I hope the military and political authorities won’t take into consideration what the lefties and the right wingers are advocating.
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