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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (380780)4/27/2008 2:11:02 PM
From: i-node  Read Replies (2) of 1573686
 
The $10 trillion we owe in debt has mostly been run up with spending on our military and on wars.

I haven't researched it, but I don't think it is necessarily true. On a constant-dollar basis, I suspect a substantial portion of it was run up on the Welfare State, the New Deal, and the Great Society.

In particular, if one books the unfunded liabilities for Social Security and Medicare (as should be done), there is no way in hell one can argue most of the national debt was run up with military spending. It isn't even close.

The National Debt -- the one that threatens our nation, is not from military spending at all; rather, it is from failed social programs -- the Welfare State, Medicare, Social Security, and 100 other programs that, instead of making our nation strong, has turned it into a nation of wimps who are unable to provide for themselves because they've had it all handed to them by the government for years.
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