In a rare confession, US Secretary of State Hillary Clinton expressed fear that the US is on the brink of losing global leadership. She sees the US’ national debt posing an enormous threat to the national security of the country as a result of losing global leadership. The US’ two unpaid wars and tax cuts have to properly be dealt with. “…it is fair to say that we fought two wars without paying for them, and we had tax cuts that were not paid for either. And that has been a very deadly combination to fiscal sanity and responsibility," Clinton said in her speech given to the Council on Foreign Relations, a research institute on foreign relations based in Washington.
Who Pays?
If the US government didn’t have to pay for the two aggressive wars that devastated two countries and left many dead, widowed, orphaned, threw a country into sectarian violence, chaos and leaderless (people shouldn’t have their own leaders with backbone for their countries but leaders that agree to serve the interests of the American bosses of MNCs, TNCs, cartels, syndicates and so on) then who could have been forced to pay and who is going to pay? Aren’t Clinton’s concerns for debt and deficit of the US, directed at calling those helped create financial chaos at home, for paying at least now to stop the US from losing global leadership? It seems answer is "No."
If the US wants to recover itself from quagmire of financial crises (not only of 2007, but a series of crises that occurred during post-cold-war period) developed at home, no one has any problem. It can employ its own people, produce goods, trade and sell them, and earn what it deserves. But how is it justified when it wages wars of aggression so as to bring its debt ridden economy back on track?
Two Big Stimuli
In her comments Ms. Clinton forgot that apart from two unpaid aggressive wars and sops of tax cuts, two enormous and magnanimous stimulus packages were paid to those who brought the world financial system down to the earth along with millions of families’ health and wealth. They have also contributed to the huge debt that she was talking about. She forgot to mention that nearly $1.5 trillion of stimulus is extracted as taxes from the pockets and the tiny bank accounts of millions of households of people, who earned their money through sweating their blood for decades if not centuries of days and nights.
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