And so am I. Why? Because the decider-in-chief is doing now what Lyndon Johnson did in the '60's. Breaking the bank with war. Johnson also poured billions down another rathole he called the "Great Society."
In this interesting article by historian Thomas Woods, Joseph Stiglitz of Columbia and Linda Bilmes of Harvard put the full cost of the Iraq War at $2 trillion. So, when will Americans pay this tab? For years to come. The '70's had a hangover because of Vietnam and the Great Society of the '60's. Americans are about to get a headache and then a big hangover. Combine war spending with the coming credit bubble implosion and the future does not look rosy.
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