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Showing posts from July, 2011

The Cost of the War on Terror…Bending or Breaking?

As we are approaching the drawdown of US troops in Iraq and Afghanistan, lets take a look at how much all of this cost the United States…not just monetarily, but also in human life. A new study from Brown University has estimated that the cost of the War on Terror, in regards to human life is 225,000 lives, which includes soldiers, contractors and civilians. When looking as to how much this will cost Americans, we are looking at a price tag that will be as high as $4 trillion!  This includes medical care and disability for current and future wounded veterans. If the War on Terror will continue in the capacity it is in today, by 2020 another $450 billion will be required to meet the needs of those wounded veterans. I cannot speak for all Americans, but I feel that most would agree that this is just ridiculous.  Aside from the astronomical price tag to Americans, which we will have to pay for one way or another sooner or later,

Debt Ceiling…What Do We Do Now???

As the United States has now hit the debt ceiling of $14 Trillion Dollars…That’s $14 TRILLION DOLLARS, the United States Government is now deciding on if it should be increased, and if so, by how much.  I cannot speak for all Americans, but I feel that instead of taking so much time and effort in trying to come to a compromise on increasing it, why am I not seeing serious talk on trying to decrease the size of the debt. Before we go any further, lets discuss some of the recent history of the national debt of the United States.  On September 15, 1981, President Ronald Reagan had signed the legislation that passed in Congress that allowed the debt ceiling increase to $1 Trillion Dollars.  Throughout the 1980’s, Reaganomics had led to increases in the national debt.  In simple terms, his policies of cutting taxes for the top tax rate, raising taxes for the middle tax rate; which had been done 8 times during his presidency, proved to be a major blow to Main Street America.  The tr