Are We Facing a Worse Economic Hit?

PETER BERGEL: In the past half year we have come to realize that our economic system is a lot more vulnerable than we thought, and that economic threats can come from directions most of us had never considered. While our government obsesses about terrorists of the Al Qaeda variety, we have recently been shown that an economic terrorist can attack us right where we live without firing a shot or awakening the retaliatory frenzy that 9-11 unleashed. Once again, we see that, as a nation, we are incapable of recognizing the real threats to our national security. Only threats that can be met by military force are deemed worthy of our attention. When a threat does get our attention, we respond with a “War on” something — drugs, terror, poverty, hunger — although that military approach has been shown over and over to be ineffective and even counter-productive.

What are our Fireworks Celebrating?

KEN McCORMACK: The Fourth of July is when “We, the people,” light up the sky with conspicuous consumption — blowing up millions of dollars because it’s pretty. Sometimes, it seems as though we are indeed only killer apes, as the anthropologist said, whose salient feature is a love of things that go “bang.” But the founders thought differently. They aimed their fireworks at bad government, at the “system” that enslaves the rest of us. So what are we celebrating? The trillions of our dollars transferred to the Power Elite in order to save their country?

Army Chief of Staff Wants to Keep U.S. Combat Troops in Iraq for 10 More Years

TOM ANDREWS: Comments on May 27th by Army Chief of Staff General George Casey that the Pentagon needs to begin planning to leave U.S. combat troops in Iraq for another decade stand in direct conflict with the current Status of Forces Agreement between our two countries, the stated policy of President Obama and the wishes of an overwhelming majority of American and Iraqi citizens.