U.S. spending $57,000 a minute in Afghanistan

I read a report the other night that went into great detail about the fact that China is dumping a lot of United States Treasury notes; so much so that Japan is now the leading holder of American debt. This subject is a huge can of worms, and it is something that the average citizen should understand, and there is plenty of information about it all over the web, through “conventional” outlets and others. But in a nutshell, American spending power is strictly predicated upon its ability to borrow, because we are over $12 trillion in debt and it has been increasing, according to Brillig.com, the site that houses the U.S. National Debt Clock, by almost $4 billion a day since September of 2007. With that in mind, consider the fact that this number is aided by the $57,000 per minute we are spending in Afghanistan, a country with a per capita income of around $800 a year. Do you think we could buy the peace there with “dollar diplomacy” for less?

I am mentioning the fact that China is dumping American debt to underscore the fact that our debt is becoming less desirable in the open market, which means we will have to offer a higher rate of interest to those who would consider purchasing it. Think about it logically…would you invest in a business that was $12 trillion in debt who was willing to spend $57,000 per minute on an enterprise that provides zero profit? Plus, that same entity seems totally willing to escalate conflict in the region to include Iran.

How are we going to ever pay back this debt if we keep spending unlimited sums of borrowed money on unnecessary wars? I do repeat the fact that considering how poor Afghanistan is, we could create financial incentives to balance things the way that we want them over there for a fraction of the cost of this behemoth military action that cannot possibly succeed in any real sense.

It amazes me to think that a single American is in favor of these wars at this point…but I guess some people feel like the have to believe in something, whatever the cost may be in human life and economic devastation.