pknopp
Diamond Member
- Jul 22, 2019
- 69,073
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And we argue we can't afford to address health care. All this war mongering is going to bring the country down.
Why Americans will be paying for the cost of the war in Afghanistan for decades
Interest continues to build 24 hours a day every day of the year. As the article notes we will be years trying to pay this off and that doesn't even address the fact that someone is going to want to ramp up the wars again.
That we’re paying interest on our war spending is a political choice. The bulk of the wars over the last century were funded in large part by tax increases and war bonds, the analysis notes. But as the U.S. entered these wars in the early 2000s, the Bush administration actually cut taxes. That meant funding for the wars had to come from another source, in this case financing.
This approach shields “the public from knowing what the true cost of the war is because they’re not feeling the pinch now,” Peltier said. “That displaces the cost to future taxpayers.”
We are asking the young to give their lives and pay for our foolish choices. History will not treat us well.
Why Americans will be paying for the cost of the war in Afghanistan for decades
Interest continues to build 24 hours a day every day of the year. As the article notes we will be years trying to pay this off and that doesn't even address the fact that someone is going to want to ramp up the wars again.
That we’re paying interest on our war spending is a political choice. The bulk of the wars over the last century were funded in large part by tax increases and war bonds, the analysis notes. But as the U.S. entered these wars in the early 2000s, the Bush administration actually cut taxes. That meant funding for the wars had to come from another source, in this case financing.
This approach shields “the public from knowing what the true cost of the war is because they’re not feeling the pinch now,” Peltier said. “That displaces the cost to future taxpayers.”
We are asking the young to give their lives and pay for our foolish choices. History will not treat us well.