Americans Can't Afford Cars, Uncle Sam Can Still Afford Overseas Wars
The Indepedendent's recent alarm over rising car payment defaults—1.73 million vehicles repossessed last year, the highest since 2008—paints a dire picture of the American consumer. Yet, this dire picture somehow never impacts the multi-billion dollar aid packages shipped overseas. While families lose their transportation, Congress routinely greenlights massive allocations: for instance, H.R. 815,
signed in April 2024, included over $26 billion in aid to Israel —a figure that remarkably failed to hit any 'economic omen' headlines. One might wonder if the 'omen' only applies when it concerns the average citizen's ability to drive to a job that likely doesn't pay enough. So, Americans are struggling to afford basic necessities, their wages stagnant while corporate profits and defense budgets
soar. Is the 'ominous' part that the average American is falling behind, or that the system allows it while simultaneously funding endless geopolitical ventures? Perhaps the real economic 'omen' isn't individual debt, but the deliberate choice by politicians to prioritize foreign military spending over domestic stability. The economy is certainly in peril, but not for the military-industrial
complex.