...and possibly the next generation, will be paying for it.
possibly???? try the next next next next generation. i'm not sure where
to find the info, but i doubt the vietnam police action has been fully paid
for yet. now we've got iraq (estimated at $3 trillion and counting) and
afghanistan (now being upsized) - not just the upfront expenditures, which
don't appear in the budget, but are 'emergency' measures.....seven years
into the war, but then there are the follow-on costs of v.a. health benefits,
lifetime treatment for injuries, rebuilding the military, and on and on and on.
not to mention a lot of pissed-off natives who've had their wedding plans
ruined by 2000-lb bombs.
and at the same time the financial crisis that just keeps sucking in more
recovery funds. final cost will probably be in the tens of trillions. and way
back when, as lehman brothers was collapsing, and we had the last chance
to prevent the worst, congress had to take a week off because of a holiday
in israel. let's hope they appreciate that when they decide whether to
bomb iran and get us into yet another multi-trillion dollar debacle.
but we're just guessing about the cost, because even if they print the
money, there may not be any money to spend. that's because all of
this is predicated on china, saudi arabia, russia, dubai continuing to buy
us government debt. if they realize the dollar not worth the paper its
printed on, they'll look elsewhere to park their spare cash. after all,
most governments are now selling massive amounts of debt to finance
their stimulus packages....why buy dollars if euros or dinars or pesos
or sheckels or rockbucks are more credible investments.
we're doomed.