The U.S. budget is bleeding red ink by the buckets. So even as we take on deficits and debts, we should look for places to trim the budget. The incoming administration should start by rolling back the Bush tax cuts for those making over $250,000 a year and by putting the ax to the most sacred of sacred cows in the federal budget: the Department of Defense.
The British Defense Ministry has leaked news that it will begin a phased troop withdrawal from Iraq. The drawdown will bring to an end a torrid, near-six-year love affair with the U.S. that began with coordinated intelligence failures and eventually led to jointly invading a sovereign country under cover of a “war on terror.”
Has the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles because deregulation, the mantra of our president and his party, has proved to be a license to steal.