Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Austrian Economics, a lens on everyday reality -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (367)	11/7/2008 12:41:18 PM
From: TimF	Respond to of 445

Very necessary? Not from the war itself at least. LBJ also expanded spending in other areas. As for the war in Iraq spending for it was about 1 percent of GDP. That's not the level of expense that should generally drive overall tax policy, and it was only a small part of the spending that collectively lead to increased debt. In both cases (particularly in Iraq, but also in every war since WWII) the taxes and the debt primarily went to things besides the war.