Progressive Patriots

War’s Fiscal Irresponsibility Spiraling Out Of Control

November 15th, 2007 · No Comments

For the newspapers and TV channels, the finance reporters focus on the ups and downs of the Dow Jones Industrials Average, though most Americans work for a living, and don’t make their primary income through stock investments. Underlying this daily up and down is a persistent problem: Republicans and their right wing allies in the Democratic Party have driven government spending out of control with their unnecessary luxury item of choice: War.

jclifford irregular timesLuckily for us, the Government Accountability Office looks beyond the drama of daily fluctuations. It looks at current spending and taxation and creates projections of “The Nation’s Long-Term Fiscal Outlook”. The latest update to America’s fiscal outlook is grim, reporting, “the long-term fiscal outlook remains essentially the same and is clearly unsustainable—ever-larger deficits lead to a federal debt burden that ultimately spirals out of control.”

A federal budget that eventually will spiral out of control: That’s what war has brought America.

That’s what the following presidential candidates approved when they voted in favor of starting a war in Iraq:

Joseph Biden
Hillary Clinton
Chris Dodd
John Edwards
Duncan Hunter
John McCain
Tom Tancredo
Fred Thompson

These presidential candidates have not only proven themselves unable to make wise decisions when it comes to war and peace, but have also shown that they lack the fiscal foresight to be trusted with the federal budget.

It’s not a partisan problem. It’s a right wing problem.

(Source: Government Accountability Office, The Nation’s Long-Term
Fiscal Outlook August 2007 Update
)

Tags: economy · peace and war

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