U.S. Involvement in Libya - Illegal, Immoral, Unaffordable

Tweet

We do our best to focus our commentary on economics and those issues that directly affect the economy and investing.  However, there are times when the seriousness of the issue warrants getting off subject and commenting on the events at hand.  The U.S. involvement in the Libyan crisis is one of those subjects that must be addressed.



First let us stick to the economic side of the story and discuss why, economically speaking, we should not be getting involved in Libya.  We are broke!  We should not be going out and trying to save others when we need to be focusing on saving ourselves.  Thanks to the earthquake in Japan, the Fed will now be purchasing the majority of new U.S. debt that is brought to market!  We are buying the majority of our own debt, which for decades has been the ultimate measure of a failing system.  We are on our last legs, and need to be slashing our federal spending across the board if we are going to avoid a fiscal disaster.  If we faced a real threat to our national security that required a full scale war to defend, we would not be able to afford to fight!  Literally, we could not fund a real war as it stands right now.

Second, we have absolutely no moral authority to get involved in Libya.  Show me what document gives us the power to intervene throughout the world as the single voice for keeping the peace.  Please don't tell me about the United Nations, NATO, or the coalition, because everyone knows the U.S. calls all the shots.  The world knows this and will hold us accountable for whatever comes as a result of our involvement in Libya, we all know that to be certain.  We are brainwashed into the thought process that if people are dying in Libya, and we have the means and power to stop it, then we must act.  We are told that standing by on the sidelines and watching would be wrong and immoral.   Folks, this is hypocrisy!  People are dying all of the world under tyranny and oppression, and we rarely get involved.  Just look at what is happening deep in the heart of Africa for example.  We allow it to happen when we do not have a vested interest in the situation.  However when we do have a stake in the game, we play the "moral obligation" card.

Continue Reading »