I've never been a fan of President W. He's a failed businessman and the poster child for "Opposites Day." (Whatever he does, do the opposite and you'll be successful). Among his many failures, he was also the only MLB owner to vote against the Wild Card, which has been wildly popular. When he was elected President, I told my wife he was going to ruin the U.S.
So imagine my non-surprise when it was reported at a congressional hearing last week that the oh so popular war we're in will cost U.S. taxpayers $2 trillion.
The committee was told, among many disquieting things, that tax cuts have never been made during a major war. But that didn't stop Wrong Way Dubya. Oh no.
Nobel Prize-winning economist, Joseph Stiglitz, reported to the committee -
“Because the administration actually cut taxes as we went to war, when we were already running huge deficits, this war has, effectively, been entirely financed by deficits. The national debt has increased by some $2.5 trillion since the beginning of the war, and of this, almost $1 trillion is due directly to the war itself ... By 2017, we estimate that the national debt will have increased, just because of the war, by some $2 trillion.”The cost of the war is appalling. The cost of American lives is unconscionable.
As Short-Fuse McCain all but wraps up the Republican nomination, I'm apprehensive of a potential President who says 100 years in Iraq is "fine with me."
2 comments:
The only candidate who actually is talking about your concerns regarding the economy is Ron Paul.
The man has written books on sound economic policy.
However, because he is critical of the Federal Reserve (of which most Americans do not understand the mechanisms) he is marginalized by the big bankers, and thus main stream media.
The tragedy of '08 will be that there was in fact one candidate who actually had served in the military during the Vietnam era (and thus has legitimate views on war), had been a medical doctor (and thus has a legitimate voice on health care), authored numerous books on economics (and thus has an expertise on fiscal policy), is a 20 year Congressman (and thus very capable in the political world), and actually believes in traditional American values and the Constitution - and yet he was mocked or ignored by sycophants who ran after fascists and socialists, inexperienced demagogues, adulterers, and pawns of international bankers and lobbyists who promise a nebulous era of good feelings without much substance at all.
If you haven't checked out Ron Paul already, please do. Even if you don't vote for him, you'll find him to be an honest and refreshing voice crying out in the wilderness.
About Ron Paul
Bay Ridge for Ron Paul Blog
Sure enough, Ron Paul had a big OP-ED in Forbes just yesterday on economics.
Forbes Magazine - Ron Paul
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