Tuesday, December 8, 2009

Paying for Our Wars .... Bush Style

Lawrence Korb writes about our "War on Terrorism" in Iraq and Afghanistan:
"The direct costs of funding these conflicts now totals about $1 trillion while the indirect costs will probably amount to $5 trillion when one adds in veterans benefits, long-term care of the physically and mentally wounded, and interest on the national debt. President Bush, who inherited a budget surplus from President Clinton, not only did not raise taxes, he cut them, and squandered the surplus while accumulating more debt that all of his 42 predecessors combined, almost all of which was borrowed from countries like China.
Not drafting people or raising taxes to pay for these conflicts is both a moral and a security failure. " Read the whole article at:
http://www.huffingtonpost.com/lawrence-korb/paying-for-our-wars_b_384284.html?view=print