You are browsing the archive for debt.

War Industry’s Accountants Can’t Count

2:06 pm in Uncategorized by Robert Greenwald

The war profiteers’ shady lobbying campaign took another hit to its credibility today, as an accounting firm on which they relied to support their bogus “military spending = jobs” argument was cited for severe audit deficiencies.

As our new War Costs short video shows, the war industry’s Second To None lobbying effort specifically cited numbers from Deloitte & Touche to claim an inflated importance of the military industrial sector to the U.S. economy. This claim was part of their larger effort, thoroughly debunked by our prior work, to try to convince Congress to protect their gravy train from budget cuts by tying war spending to job creation. Their entire narrative is false–military spending actually costs jobs compared to other ways of spending the money.

Why war profiteers would even bother to cite Deloitte is frankly beyond us. According to Reuters: Read the rest of this entry →

After the Deficit Committee, A New Propaganda Push from the War Profiteers

3:37 pm in Uncategorized by Robert Greenwald

Since the deficit committee officially failed to produce a plan as of last week, expect the war profiteer spin to hit the fan. Here’s an early warning of what to expect, courtesy of Reuters last week:

Failure of a special congressional committee to strike a deficit-reduction deal is expected to unleash desperate lobbying by U.S. arms makers to get lawmakers to block $600 billion in automatic cuts.

Their weapon of choice: jobs.

Unfortunately for them, War Costs’ new video exposes the truth about massive military budgets and employment: military spending is a job killer.

But, don’t expect the truth to get in the way of a good propaganda campaign.

Read the rest of this entry →

How Much Are You Paying In Taxes For War This Year?

11:21 am in Uncategorized by Robert Greenwald

While millions of Americans are out of work or struggling to pay their bills, our government is spending billions of dollars a week on a war we don’t support in Afghanistan. At no time is this more apparent than on Tax Day, which is coming up on April 18.

Use our new Afghanistan War Tax Calculator to find out how much of your income taxes will be spent on war.

Oliver Wendell Holmes once famously said, “Taxes are what we pay for civilized society.” But unfortunately, they’re also what we pay when our elected officials make huge, expensive mistakes, and in this case, use lots of expensive weapons to kill people. According to our friends at the National Priorities Project, 27.4 percent of our income taxes will go to pay for the Afghanistan War and other military spending. Already the taxpayer is on the hook for $107.3 billion just for this year, and just for the hugely expensive Afghanistan War. Those billions of dollars are supposed to help us build up our community and lay the groundwork for a brighter future for our children but, instead, they’re being used to fight a war the American people don’t support.
Read the rest of this entry →