Friday, May 14, 2010
‘ten times worse’
Obama wants higher oil company taxes, pledges $58 million for cleanup efforts. So this is why BP's release of video showing the Gulf oil gusher was mysteriously delayed. According to a scientific analysis of footage from the bottom of the Gulf of Mexico, National Public Radio is claiming the growing ecological disaster is actually ten times worse than previously estimated, saying the rushing torrent of oil pouring into the ocean is equivalent to one Exxon-Valdez spill every four days. That's more than 70,000 barrels a day -- when the U.S. Coast Guard had placed the figure at a seemingly modest 5,000 barrels a day.Link
America’s drug war failing on all fronts.
After 40 years, the United States' war on drugs has cost $1 trillion and hundreds of thousands of lives, and for what? Drug use is rampant and violence even more brutal and widespread.Link
Thursday, May 13, 2010
Afghan war costs now surpass Iraq’s.
The amount of money the United States is spending on its war in Afghanistan has surpassed the cost of its war in Iraq for the first time. US taxpayers shelled out $6.7 billion for the Afghan war in February, the most recent month for which statistics are available, as opposed to $5.5 billion for the war in Iraq. The total cost for the two wars is now approaching $1 trillion. Maintaining the US presence in Afghanistan has grown in price since the US began redeploying some troops from Iraq. Keeping US forces in Afghanistan is also more expensive because the country is landlocked and it is harder to transport supplies.Link
Just Like the Old Drug War.
The Obama Administration released its National Drug Control Strategy on Tuesday, claiming it represents a "balanced new approach" to drug policy that focuses on treatment over enforcement. However, a group of police officers who support legalization is pointing out that despite the administration's words, the drug budget dedicates nearly twice as much funding to policing and enforcement as it does to public health and prevention, virtually the same ratio as the previous budget under President Bush. "The Drug Czar is saying all the right things about ending the 'War On Drugs' and enacting a long-overdue balanced strategy focused on a public health approach," said Neill Franklin, a former Baltimore cop and incoming executive director of Law Enforcement Against Prohibition (LEAP). "Unfortunately, the reality of the budget numbers don't match up to the rhetoric.".Link
19th straight monthly budget deficit.
It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.(Reuters) - The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday. Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years. The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record. For the first seven months of fiscal 2010, which ends September 30, the cumulative budget deficit totals $799.68 billion, down slightly from $802.3 billion in the comparable period of fiscal 2009.Link
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