The War in Ukraine Has Underscored the Necessity of America Exiting NATO
With the passage of the ludicrous omnibus bill the total amount spent and committed to be spent by the United States in Ukraine since the Russian invasion is in excess of $110 Billion. That amount exceeds the annual Gross Domestic Product (GDP) of 130 nations. Further, only America and its chief adversaries China ($239 Billion) and Russia ($154 Billion) spend more per year on their defense budgets.
During this same period of time the 27 nations of the European Union plus Great Britain have spent or committed to spend $36 Billion in Ukraine or half of what the taxpayers in the United States have been obligated to contribute.
Meanwhile the U.S. national debt is now $31.5 Trillion and will, due to unconstrained spending, increase at least another $15 Trillion in less than ten years, thereby abetting uncontrolled inflation and potential insolvency. (It took this nation 224 years to accumulate the first $15 Trillion, 13 years for the second $15 Trillion and less than 10 years for the third $15 Trillion.) The United States with less than 5% of the world’s population is responsible for 45% of global national debt.
By comparison, the national debt of the 27 countries in the European Union plus Great Britain is currently $18 Trillion, and their debt is equivalent to 90% of their annual GDP ($20.4 Trillion). The national debt of the
Article from LewRockwell
