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Hudson video
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Re: Hudson video
Last 2 minutes are the most unsettling... Interviewer noted that the U.S show no signs of downsizing it huge and expensive military and overseas bases ($1 trillion annually if all off-budget wars and agencies are included).
When asked who's going to pay for U.S. military in the future, since foreigners no longer want to fund it via the Treasury Bond standard, Hudson answered "America's middle and labor classes".
There was a controversy in the fall, when a Republican leader (Rep. John Boehner, I believe) was asked why he thought Social Security needed to be cut. He snapped back "How else are we going to pay for the Defense budget?" Later, of course, he tried to backtrack, but the interview was on tape.
I believe Hudson is correct.
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