Thursday, August 30, 2007

Money Gun On Full Auto

We read this morning that the money gun is on full auto in regards to the Iraq debacle, which I've argued will be the most long-lasting effect of the Iraq war (see The Decline and Fall of the Great Powers). The Pentagon has a $460 billion dollar budget for fiscal 2008. Add to that $147 billion which is off budget for Iraq and Afghanistan and now add another $50 billion on top of that for a total of almost $200 billion off budget for next year alone!?! and the neocons said an estimate of $300 billion for the whole war was "wildly off the mark." I guess they were correct on that point. The point is that, like great powers who have come and gone before us, we are slowly bankrupting ourselves by over stretching our military.

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