Quote:
Originally Posted by DTK
2 things:1) You don't really think we had the $1T+ on hand, do you? It was all borrowed. 2) For perspective, the total price tag for the financial crisis has been estimated at over $12T+. 12>>>>>1
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If you borrow $10 on Tuesday, you have $10 on hand and $10 in debt on Wednesday. We did not need to spend 1T+ in Iraq. Had we not done that, we would either have had 1T of borrowed money on hand to deal with massive liquidity problems that existed OR we would have borrowed 1T less. Either was better than spending it in Iraq. The financial crisis will cost us much more than 12T. Let's assume you are correct... you are saying that saving 1/12th the amount spent on the meltdown by not going to war would have had no effect on our economy - let alone all the other benefits of not unilaterally attacking a sovereign nation?
Robbie,
As an analogy... Getting divorced has little to do with running a business. Running a business while going through a nasty divorce is harder than running one without having to go through a nasty divorce. If you go out of business, it's unlikely the divorce was the cause but it's also easy to see how a nasty divorce might make it harder to stay in business.
If you don't see it that way, we simply disagree.