Sunday, February 10, 2008

War funding?

Read the Price of Liberty By Robert Hormats, which explains how past and current US governments have funded the war.

The was in Iraq was estimated to cost $50-60 billion at its onset, but its cost 10x that much. The US spends now $300 million A DAY for Iraq, which doesn't include Afghanistan. What's more, even people in Congress don't know where the money is coming from!

So far, each American family spends $7500/year on the war. Money that could go to health care (at least for kids!), reduce education costs (ie. bribery to get poor students to enlist in the war), and crime reduction. Inflation is on the rise. But where does the government find room for tax cuts? Sure it's pleasing to the public now, but HELLO where is the money coming from to fund the $6 trillion (to date) wars?? Out of the pockets of future generations. The dollar is decreasing, 2/3 of Americans (even Republicans in Bush's own cabinet) oppose the war. Money is being borrowed from emergency funds to pay for the war...And of course Bush will be laughing his way out of office. Good luck to his successor!

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