NYcarbineer
Diamond Member
Not paying for wars with taxes is the leading cause of the accumulation of national debt over the past 30 years.
The last war we raised taxes to pay for was Vietnam. Since then we have had 4 major wars (considered 'major' based on cost for purposes of this discussion)
the remainder of the Cold War
the first Iraq war.
the Afghanistan war.
the second Iraq war.
Instead of tax hikes to pay for the extraordinary costs of those wars (as was this nation's practice in the past), we have in fact had tax CUTS during 3 of the 4.
Simple math will show you that the money borrowed to fight these wars (in lieu of tax revenues), and the ongoing interest cost of servicing those war debts are primarily responsible for where we are fiscally at this point.
The last war we raised taxes to pay for was Vietnam. Since then we have had 4 major wars (considered 'major' based on cost for purposes of this discussion)
the remainder of the Cold War
the first Iraq war.
the Afghanistan war.
the second Iraq war.
Instead of tax hikes to pay for the extraordinary costs of those wars (as was this nation's practice in the past), we have in fact had tax CUTS during 3 of the 4.
Simple math will show you that the money borrowed to fight these wars (in lieu of tax revenues), and the ongoing interest cost of servicing those war debts are primarily responsible for where we are fiscally at this point.