From Washington's Blog:
Ronald Reagan's budget director - David Stockman - pulls no punches in a must-read interview with Raw Story:
We are now at a historical inflection point at which the time has arrived for a classic post-war demobilization of the entire military establishment," David Stockman said in an exclusive interview.
"The Cold War is long over," he continued. "The wars of occupation are almost over and were complete failures -- Afghanistan and Iraq. The American empire is done. There are no real seriously armed enemies left in the world that can possibly justify an $800 billion national defense and security establishment, including Homeland Security."
Short of that, he suggested, the United States has "reached the point of no return" with its artificial creation of wealth, and will...
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More government stupidity:
This is why America is broke
Porter Stansberry: A major financial crisis has begun
Shocking admission from Tim Geithner: U.S. on the brink of catastrophic collapse