America’s national debt is mainly due to the war industry, a national debt that is measured in trillions of dollars. It is well known that trying to keep up with America in the arms race, a race that the U.S. always instigated, not the Soviets, largely bankrupted the Soviet Empire. It was even admitted by Reagan and his policy-makers.
Trillions of dollars went into arming both sides to the teeth, and the only winners were the arms manufacturers and the imperial exploiters.
Today, the United States is the leading international arms dealer, and has been so for many years. America’s "foreign aid" is generally in arms sales.
Far more money is spent on arms internationally (about twenty times as much.) than is spent on helping the poor and hungry. Other side effects are the widespread environmental devastation that the war industry inflicts on the world, even when they are not fighting wars. The war industry is probably the most costly and unnecessary undertaking on earth today, especially if World War III exterminates the human species.
The "defense" industry in the United States has raked in trillions of dollars during the past fifty years (one authoritative estimate puts it at nearly twenty trillion dollars). When the Cold War ended, there literally were no more enemies worth worrying about.
Once the "Soviet Menace" evaporated, the US defense establishment searched high and low to find enemies to keep justifying the pork barrel. Muammar Qaddafi, Manuel Noriega, Saddam Hussein, drug dealers, Castro, etc., had to be magically transformed into malevolent demons that threatened America’s very existence.
America has the biggest killing machine the world has ever seen, and no military rivals. The Gulf War and pounding Yugoslavia were excuses to test weapons and increase America’s hegemony. The war racket is related to the government racket. Ronald Reagan told tall tales about welfare mothers driving Cadillacs, while he threw mentally ill people onto the streets. There is a small book that summarizes all the ways that the American public is bilked to buy Cadillacs for the rich, not the welfare mothers.
The Savings and Loan Scandal lined the pockets of the rich to the tune of hundreds of billions of dollars at the taxpayer's expense. It was a scandal that CPA professionals actively abetted, taking in its huge audit fees for signing off on fictitious financial statements. The authors of Take the Rich off Welfare summarize the many ways that the rich get handouts from the American government, such as: social security tax inequities, accelerated depreciation, capital gains deductions, homeowner's tax breaks, agribusiness subsidies, aviation subsidies, insurance loopholes, tax free bonds, timber subsidies, oil and gas tax breaks, nuclear subsidies, etc. These are laws that primarily benefit the wealthy. The rationale is that they are subsidies that benefit the economic producers, giving them incentives or help to make the economy more productive. The media, being owned by those corporate welfare recipients, rarely highlights the real welfare.
"It's not within the frame of mind that created the problem that can solve it."
A favourite Einstein quote.
"The path to independence is self sufficiency and self reliance."