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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (116979)	11/20/2008 10:22:00 AM
From: Knighty Tin	3 Recommendations Read Replies (1) \| Respond to of 132070

Carl, The gigantic expenditures on Iraq are mostly hidden "off budget". The economy turned down long before The Vietnam War was over, and it turned down because of the spending on that war. Debt as a % of GDP is not necessarily a key ingredient. It is what we are buying with that debt. If we are investing in our future, then the question is whether or not such investment works. The Bush debt is not being invested at all. It is being thrown down a hole. It is like borrowing to build a new plant rather than borrowing to fund current operations. One is possibly positive and one is certainly negative.