Financial Times Discovers Public Debt, Ignores War Profiteering
When the FT asks 'Have we reached a tipping point on public debt?' (Financial Times), they imply a fiscally responsible nation, not one funneling billions into perpetual war. The 'intolerable burden' they cite conveniently omits the US military budget, hovering near a trillion dollars annually ($886 billion for FY2024, to be precise, according to the Council on Foreign Relations). That's not a
'tipping point'; it's a launchpad for defense contractor profits and an undeniable drain on domestic resources. Perhaps the biggest 'burden' is the media's selective amnesia regarding who truly benefits. Take the $14 billion in security assistance to Israel, pushed by AIPAC-backed politicians. While the FT wrings its hands over future generations, these funds could build 28,000 affordable homes
costing $500,000 each. It's not just debt; it's a policy choice to fund destruction abroad while our social safety nets fray. They mention 'financial crises and political instability' without ever naming the architects of these crises. How many fiscal 'tipping points' will we endure before our press questions the spending itself, not just the abstract concept of debt?