Last week President Obama admitted that his administration has not worked out a strategy on how to deal with the emergence of the Islamic State in Iraq and Syria (ISIS) as a dominant force in the Middle East. However, as ISIS continues its march through Syria and Iraq, many in the US administration believe it is, in the words of Defense Secretary Chuck Hagel, a threat ‘beyond anything we have ever seen.’ Predictably, the neocons attacked the president’s speech. They believe the solution to any problem is more bombs and troops on the ground, so they cannot understand the president’s hesitation. Chairman of the House Armed Services Committee Buck McKeon made it clear that fighting ISIS is going to cost a lot more money and will bring US forces back to Iraq for the third time. The post-Iraq, post-Afghanistan peace dividend disintegrates. Mr. McKeon said last week:
ISIS is an urgent threat and a minimalist approach, that depends solely on FY15 funding or pinprick strikes that leave fragile forces in Iraq and Syria to do the hard fighting, is insufficient to protect our interests and guarantee our safety in time.
What does this mean in practice? If the neocons have their way, the Federal Reserve will ‘print’ more money to finance another massive US intervention in the Middle East. In reality this means further devaluation of the US dollar, which is a tax on all Americans that will hit the poorest hardest.
This post was published at Ron Paul Institute on sunday august 31, 201.