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The US has to STOP being the World Cop! We can't afford it.
We fought WW1 and WW2 out of the US taxpayers pocket. We helped 'Liberate' Europe twice, but they have nothing but contempt for us now.
Sink or swim... Pull all US forces out of Europe (which props up their economy), and reduce US forces to a defensive level.
Well what do you expect when we operate a multi-ocean navy, the world's most advanced air force, and an army equipped with tanks that cost more than some countries are worth?
jonh craft....Yes we need a strong Military....I also served with the best, drafted with best and fought with the best;.... A long time ago..
We need to protect ourselves, not everyone and everything in the World..
It has truly proven time and time again, that it has been fruitless in most circumstances, except to keep our undertakers busy...We have buried way too many children of our own...
Not counting the innocent of other's abroad; Which included many children, women and elders..That had no involvement, except to watch in horror at the destruction, that WE and OTHERS have wreaked upon their lands.
There is no sound reasoning, except by lunatics that we spend on Military Might; 4 times what China spends and 8-10 times what Russia spends...We are fools.
What a waste of taxpayer dollars, thanks for putting us 17 trillion in debt, usless war mongers.
Europe leans on and expects the U.S. to Defend it!
Secondly, China's figure is misleading. We pay our standing army soldiers ... what ... $20,000?
Maybe more, plus fringe benefits, and officers more by far. China pays its men ... what $3000?
Thus more of its money buys tanks and ships and planes. Not a straight apples to apples comparison of who is building up a military force. China is expanding power and Obama is dismantling ours.
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[BRIEFING.COM] The S&P 500 trades flat with one hour remaining in the session. It has been a busy day on the economic front with the release of the GDP report for the second quarter and the latest policy statement from the Fed.
Tomorrow's session will also feature a handful of data points, but neither weekly initial claims (Briefing.com consensus 310K) nor the Chicago PMI report (consensus 61.8) are expected to be met with a noteworthy reaction.
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