With recent involvement and bombing Iran, the US is still in credulus debt. Trump's most recent also highly probable and illegal bombings and involvement, have made people, including Trump's ardent champions raise their eyebrows, and even speak out against him. We the people didn't ask for this, and no one wants to get involved in another war. Here is a history of United States, involvement in war on oil, and why we have to stop sticking our noses into foreign affairs.
Maintaining the debt costs $426 billion as of January 2026, which is 17% of total federal spending.Since the beginning of the decade, the national debt has increased every year. Over the past few years, interest expenses have remained fairly stable due to low interest rates and investors' perception that the United States government is unlikely to default in the near future. It is important to note, however, that recent increases in interest rates and inflation have led to an increase in interest expenses.
Approximately 13 trillion dollars will be spent on deficits between 2021 and 2030, according to the latest CBO estimates. As a result of borrowing to finance this deficit, net interest payments as a percentage of GDP would increase from 1.4 to 2.2 percent, which is generally in line with the average of 2.0 percent over the past 50 years. There is a likelihood that interest rates will rise further over the long term, and the amount of debt issued is projected to rise, causing net interest outlays to increase to about 8 percent of GDP by 2050.
Current conflict with Iran: As a result of long-standing tensions over Tehran's nuclear program, regional influence, proxies support, and human rights issues, the United States has been engaged in a conflict with Iran. There have been recent escalations caused by U.S. military and nuclear sites being struck by Israeli and American troops in an effort to curb Iranian capabilities and possibly force regime change, while Iran responds by attacking regional allies and global energy infrastructure.
According to some projections about a week ago from Yahoo Finance, oil prices could surge into the triple digits or more a barrel. This has to do with the Iran conflict. While it is cheaper in retrospect, to drill or steal or align with foreign oil, we the united states have oil reserves ourselves, so why not start from home? This seems like it doesn't align with the Trump administrations " country first" . In pursuit of oil resources, the United States has a long history of military and geopolitical interventions, spanning from World War I to modern Middle Eastern conflicts to interventions in Latin America, all fuelled by a desire to secure oil resources. Among its major actions in the 20th century were the securing of supplies during the world wars of the 20th century, the orchestrating of coups in Iran in 1953 and Iraq in 1963, as well as the major intervention in the Gulf War of 1990-1991 and the Iraq War of 2003-2011.
n 1914 - 1918 (World War I) - operations were carried out to ensure that ships, tanks, and aircraft had oil to run on.
As a result of Prime Minister Mossadegh's nationalization of the oil industry protecting Western interests, the CIA orchestrates a coup to overthrow Mossadegh in 1953 (Iran).
1963 (Iraq): As a result of a coup, the U.S. supports the establishment of the Ba'ath party as the government.
During the period 1973-1974, the Arab Oil Embargo resulted in an important shift in U.S. foreign policy towards energy security.
During the Iran-Iraq War (1980-1988) the U.S. supported Iraq to prevent Iranian dominance, while at the same time participating in a "tanker war" to protect oil shipping in the Persian Gulf from Iranian attack.
Operation Desert Storm, launched by the U.S.-led coalition in 1990, prevents Iraq from retaking Kuwait, securing global oil supplies from being affected by the invasion.
It is during this period (2003-2011) that the U.S. invaded Iraq, which led to the occupation of Iraq for the next fifteen years, with significant aims of controlling and managing Iraq's oil fields.
2012 (Sudan/South Sudan): Involvement in the Heglig crisis, an oil field dispute between the two countries.
From 2018 until present: Continually engage in sanctions and intervention to target oil-rich nations like Venezuela and Iran through a strategic approach.
It's the same old merry-go-round. Where do we go from here? What will change? Please leave your comments .
No comments:
Post a Comment