Roger Bissell Posted October 18, 2008 Share Posted October 18, 2008 Perhaps you have statistics that could convince me otherwise, but I don't think the costs of the Iraq war are significant enough to sink the American economy and/or society. They're not trivial, but they're not decisively ruinous either.Many articles said that it cost about $4 trillion to "win" the Cold War. At the time, that was about the entire federal budget deficit.They are already talking trillions with regard to the current situation in the Middle East.Ultimately, the biggest gorilla of all is still the welfare state. Some are saying that this will soon bring a tab of $50 or $100 trillion. If the WTC and the wars had never happened, Bush would still be an absolutely terrible President. His record in domestic affairs is one of the worst we've ever had. He has shown us that a conservative is just a socialist who goes to church every week.[....] Some quick comments, Chris:1. Bush is ~not~ a conservative. How can you possibly consider him in the same quadrant with people like Rush Limbaugh or Ronald Reagan? Sure, he supported tax cuts, but so did John Kennedy and Bill Clinton. Bush is a self-described "compassionate conservative." Now, ~that~ is "a socialist who goes to church every week." (Or, as I would put it: "a socialist who opposes abortion.")2. You said the $4 trillion to "win" the Cold War was (at the time) "about the entire federal budget deficit. I think you mean the entire federal ~debt~. The debt is the net total of accumulated annual budget deficits over the net total of accumulated annual budget surpluses, plus interest.3. The "biggest gorilla" is the unfunded liabilities in Social Security and Medicare -- the legacies of FDR and LBJ. Add to that the almost certain-to-be-unfunded liabilities for Universal Health Care, soon to pass under BHO (or BO, if you prefer) and his filibuster-proof Congress. Perhaps the worst kaka will not hit the fan for another 30 years, but my children and grandchildren will very likely have a truly miserable existence, unless the giant rug is not pulled from under all this runaway entitlement spending soon.REB Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now