With the Bush administration asking for another $25 billion for the war in Iraq, the total dollars spent on this waste of money may exceed the inflation-adjusted cost of World War I. Bush’s new request will bring the cost of the Mideast quagmire to $174 billion, just shy of the $199 billion spent on the first world war, reports The Washington Post.
Because the war is not part of the U.S. fiscal budget, every penny is by default deficit spending, which means our children will be paying off these bills. At a time baby boomers are retiring, this is especially troubling for the long-term health of the economy, warns Fed Chief Alan Greenspan.
There’s no way to calculate the intangible costs, such as children left fatherless by this war. And how about a dad who comes home after his leg is blasted off and is not able to provide for his family?
And can you imagine what $174 billion could have done for our educational system? That kind of deficit-spending at least has a reward. Instead, we may end up with a Mideast that hates us and a Europe that doesn’t trust us like it once did. Our children will be left with that mess, too.
Texas, where Bush was governor, posts signs on all its highways, “Don’t mess with Texas.” How about this sign for his administration: “Don’t mess up the U.S.”