March 20, 2011Dear Sir,Bermuda’s dollar assets are underpinned by the ‘struggling’ US dollar; in peril with a $14 trillion deficit. Yet a measured and sustainable financing regimen for the financially ‘strapped’ United States seems attainable to this writer.For when off budget supplements are added to the 2010 US arms budget of $685 billion, their grand total tops $750 billion. Whereas China’s defence outlays were slightly below $100 billion. While Russia’s arms expenditures at $6 billion less than the United Kingdom was $63 billion.To mean that the United States tax payers were compelled, last year to raise $650 billion more than the Chinese. Yet when compared with what the Russians spent on arms, the difference increased to $685 billion, which surely calls for an explanation.Why, to the detriment of their national infrastructure and advanced education, does their seemingly ‘blind’ Congress continue to fund such expenditures? Being as these huge spending disparities have been born by the US tax payers for decades. The self same ‘taxpayers’ whose global police protections have not only been remarkable but continuous for all of 60 years, with but scant appreciations.Which has us wondering as to why this ‘heads down’ United States continues to outspend and ‘outgun’ every nation by such depleting and enervating margins? Could it be that they have missed out as to the significance of the atomic bombs dropped on Hiroshima and Nagasaki; that initiated the ‘winding down’ if not the end of massive armed forces? Whereby from that signal happening adversarial conflict altered in form to be ever more ECONOMIC.When the Second World War ended when Germany and Japan were ‘roundly’ defeated, yet within a few decades the ‘vanquished’ Germans and Japanese arose to be victorious in most every GDP and per capita wealth standard. And though back in 1946 they each were forbidden armed forces as of this day, both continue to ‘out gain’ the West in general economics.Whilst we the financially burdened and ‘slow to react’ victors, remain beset by ever mounting ‘shortfalls’. So as to assert that misguided conclusions AS YET remain the locus of economic deficits within the ‘victorious’ West.WILLIAM P. SCOTTSouthampton