Why We're Bankrupt (Morally and Financially)

Chalmers Johnson points out that the fattest free-floating source of waste in the U.S. Economy is not golden parachutes, tort, executive bonuses, or any of the other riffraff. It's something far more obvious, that far more prone to be casually overlooked.

"Many people believe that our military is the largest, best equipped, and most invincible among the world's armed forces. None of these things is true, but our military is, without a doubt, the most expensive to maintain. Each year, we Americans account for nearly half of all global military spending, an amount larger than the next 45 nations together spend on their militaries annually."