We keep hearing about what a horrible problem the National Debt is, but do we know for sure what all has contributed to it? Why is it such a huge number?
Obviously, there're plenty of factors, but I think we can identify 3 main things:
1) Direct Revenue Reduction - aka Tax Cuts
2) Recession - higher unemployment equals fewer tax payers equals lower tax collections
3) Wage Stagnation plus Speculation-Driven Inflation - a multiplier effect
But it seems like we never stop to consider what we've had to borrow in order to spend at least $2 Trillion on a couple of wars, plus an amount we don't even get to know about that's been sucked up by all the Black Ops / Homeland Security boondoggles over the last 10 years. If you borrow $2 Trillion, you're gonna have to repay it to the tune of about $6 trillion when it's all over - if we get that far.
Anyway, here's a thought: Let's call it "Bush's War Debts". But only for a little while - just long enough to squeeze out all of the Sunshine Patriots like Cheney and Giuliani and Bolton, and anybody else who was married to the NeoCons' bullshit fantasies.
Pin the word "debt" to their lapels and let's see how long the rubes stay in line behind 'em.
After a while, it'll naturally evolve to The War Debt, and we might have a chance to get back to where we understand that we don't get to do anything without paying for it - sometimes in ways we hadn't anticipated.
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