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Wednesday, April 2, 2008 12:00 AM

The Great Depression: The sequel

Is it coming to a soup kitchen near you? Here's how we'll know if the current recession is turning into something much worse.

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  • Wednesday, April 2, 2008 03:50 PM

    Wars DON'T end

    Note to Donut 44 and anyone else who thinks withdrawing from Iraq will put an end to the war's drain on the economy: the highest spending year for WWII was .... 1993! Because that's the year a critical number of veterans claimed healthcare and other 'benefits'.

    The current war is going to be even more expensive for even longer because:

    1. soldiers don't die nearly as often as they used to, which, while sad, was cheap. These days they are much more likely to get injured, come home, go on disability and stay there for the rest of their lives. (NOTE: I totally support and am grateful to the soldiers who put their lives on the line and believe that their country have to make their welfare a first priority - however, it costs, big time.)

    2. The amry's resources have been run down to such an extent that replacing the planes, cars, uniforms, weapons etc is going to take years to execute and cost billions more dollars that the US doesn't have, will have to borrow, and then pay even more interest on the loans.

    3. Seeing as this whole war has been funded by loans anyway, which are not being paid off, the interest payments will go on for a VERY. LONG. TIME.

    This whole foray of Dubya's is going to be paid for by our children and our children's children. Hope they appreciate it.

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