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Politics : Foreign Affairs Discussion Group

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To: michael97123 who wrote (147998)	10/17/2004 10:06:58 AM
From: jttmab	Read Replies (1) of 281500

When FDR did the same you would have praised him if you were around then. Not comparable. FDR was fighting a World War, the Global War on Terrorism is asymetric. Post WWII the defense budget dropped off sharply; I don't expect the Defense Budget/Homeland security budget to drop off sharply in my lifetime. More importantly, when you turn the clock back ~60 years. The US was, be far the greatest creditor nation in the world. Today the US is the largest debtor nation in the world and a significant portion of the national debt is foreign owned [interest on the debt is leaving the country] and the equities market is ~15% foreign owned [more wealth leaving the country]. 60 years ago, Social Security as a operating debt liability was the farthest thing from anyone's mind. Now we're looking at SS as an operating debt liability in ~10 years. We were also the greates manufacturing country in the world. Contrast trade deficits 60 years and what followed against what the trade deficits are now. It's a completely different economic picture. When you rap bush for the patriot act, you certainly wouldnt have rapped fdr for interning japanese americans if you were around then. Perhaps you're right. I would like to think that we've learned something from history. Does it follow that we shouldn't object to slavery because 200 years ago we had slavery? jttmab

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