Remember when Bush told us to grieve 9/11 and protect our economy by shopping? He bought the Iraqi War on credit!
After 9/11, George Bush suggested we protect our economy by shopping.
A heartless, thoughtless comment on the value of 4,000 American lives, at the time.
Since Americans were at that time already spending beyond their means, any shopping they did was funded by credit card debt AND, we now know, refinanced mortgages and home equity lines of credit…
It turns out our illustrious President (he’s not industrious, but that’s another blog post) has paid for the War in Iraq thru the same type of debt
that now has Americans teetering on a Depression greater than we’ve ever seen.
According to the Washington Post:
the Bush administration’s paying for the wars through borrowing, rather than tax increases and spending cuts. That approach, it concluded, will lead to interest costs through 2018 that range from about $70 billion to as high as about $700 billion, depending on how much of the war funding came through bond sales.
“If you want to go to war . . . we should probably pay for more of that war upfront rather than borrowing for it,” Kosiak said, because the public feels more of the war’s real burden through tax increases and spending cuts.
The Center for Strategic and Budgetary Assessments blamed the ballooning budgets on the Bush administration’s unprecedented decision to fund the wars through giant emergency spending measures rather than through appropriations requests.
“The process has reduced the ability of Congress to exercise effective oversight. It has also tended to obscure the long-term costs and budgetary consequences of ongoing military operations,” the report says. It also warns that such emergency bills have included “substantial amounts of funding for programs unrelated to the military operations in Iraq and Afghanistan.”
Ahhhhhhhh, its as if I walked out of Target with what I needed, household supplies, but also threw in a bunch of things I did not need, like a pair of men’s Simpsons boxer shorts that say ‘D’oh’, a beach towel with the lead singers of High School Musical on it, and a garden gnome. And I paid for it all on credit, which ensures that I’ll end up paying twice as much for the garden gnome in interest payments. Bush threw in some extra items at the counter, so to speak, and we’re going to pay for them, plus interest.
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