posted on Jul, 12 2010 @ 09:24 AM
well, it makes sense...up to a certain point.
America has a huge financial obligation every year to its war machine, a.k.a. "National Security" or "Defense."
last year the military cost the nation $742 billion dollars. that's what they are borrowing the money for, and squandering all the reserves such as
unemployment insurance, social security, and medicare.
we are still a productive nation, materially speaking, and if anything is lining the pockets of the so-called "elite" then it is coming from the
GNP, which is not part of the government - it is in the private sector, mostly in the form of corporate holdings, etc.
54% of the federal budget is being spent on military and defense these days. add to that all the expenses inherent to the type of top-heavy government
system we have in the U.S. and there isn't enough left over to even buy a bilder-burger.