4/4/08 Johnny Boy and the Future of American Militarism

As american econ power wanes in preference to the growing dynamism of south-east asia, militarily the us remains unchallengeable. however, the benefits of having the world's stongest military versus its expense have become increasingly problematic since vietnam demonstrated that a relatively undeveloped country could challenge and defeat the mightiest. iraq is again demonstrating the limits to us military projections. as costs balloon while the economy slouches toward recession this elective war appears glaringly unjustifiable to the american electorate. thus, johnny boy's conundrum, but in the long run america's question, other than a keynsian stimulus, how do we benefit from the costs of the military. as long as the world supports the dollar as reserve currency, the costs are subsidized. meanwhile, infationary pressures mount within the global dollar economy.