Deficit Plot

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“These days, national security experts are tearing their hair out over the decision of Senate Republicans to block a desperately needed new strategic arms treaty. And everyone knows that these Republicans oppose the treaty, not because of legitimate objections, but simply because it’s an Obama administration initiative; if sabotaging the president endangers the nation, so be it.” There Will Be Blood, Paul Krugman, November 22, 2010, New York Times.

Well, Paul got one thing right; we do desperately need a new START treaty that halts the proliferation of nuclear weapons and continues to dismantle the stockpiles still in existence from the end of the Cold War. But that is not the aim of the proposed treaty he is talking about. In fact, what he does not mention is the $85 billion portion of the proposed spending to support that treaty to modernize existing U.S. facilities in order to manufacture NEW NUCLEAR WEAPONS. For a president who has continually stated his goal was a “world free of nuclear weapons,” this seems a bit strange.

Now I’m certain Obama is probably under a tremendous amount of pressure from the military-industrial complex to continue to provide government dollars for the many jobs funded by military contracts. In this economy where the working class (I cannot in good conscience use the phrase “middle class” anymore to describe a group that, for all practical purposes, does not exist.) is desperately in need of stability and the corporations are recording record gains, we need to keep the poor poor and the wealthy in charge. At least that is the thinking of the people with the money, as witnessed by the continued “recession” worldwide.

But I digress. Since the purpose of Mr. Krugman’s article is to suggest that the Republicans are conducting these actions simply to embarrass the President instead of doing what is best for America, I would counter with a simple look back at history. This nation has engaged in deficit spending to the point of utter economic disaster that cannot be reversed simply by throwing more money at the problem. Perhaps Paul would like to suggest that the recent decisions by both England and Germany to reject Obama’s plans for increased deficit spending at the G-20 were somehow manipulated by the GOP.

If the Republican party does block the budget increase proposal in April of next year, it will be for sound economic reasons, and not to embarrass President Obama, who by the way appears to be doing a fine job of that on his own.


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