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Keyword: wardeception

Waging the trillion-dollar war (taxed to death)

08/24/2005 2:35:05 PM PDT · by thinking4me · 2 replies · 311+ views
iht ^ | AUGUST 22, 2005 | Linda Bilmes

All of this spending will need to be financed by adding to the federal debt. Extra interest payments will total $200 billion or more even if the borrowing is repaid quickly. Conflict in the Middle East has also played a part in doubling the price of oil from $30 a barrel just prior to the invasion of Iraq in March 2003 to $60 a barrel today. Each $5 increase in the price of oil reduces our national income by about $17 billion a year. Even by this simple yardstick, if the American military presence in the region lasts another five...

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