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Sunday, October 7, 2012

Fiscal Insanity

              
            To day it was announced that we are now in our twelfth year of war in Afghanistan with out any means to pay for this astronomically expensive endeavor. We as a nation have paid for these most expensive wars in our history by borrowing money from a nation once deemed to be an enemy of our way of life.
            The cost to service this loan now takes a large portion of our national product with out any return, as the money spent may as well have been for fire works.
            In all previous wars Taxes were raised as a national sacrifice and the rest of the costs were pied for by borrowing from the American people using war bonds the interest not paid out to a foreign nation but back to the people of our country.
             To use this method of using a credit card from a nation not our own to support wars was at the very best stupid and at the worst criminal.  
             The pushing for banks to give millions of new Loans for trillions of dollars borrowed from bundled mortgages, again sold to other nations was a stupid idea with no understanding of what would be done when the bills came due….