You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #14: the wars are ridiculous [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
orangeapple Donating Member (167 posts) Send PM | Profile | Ignore Thu Apr-14-11 08:27 PM
Response to Reply #5
14. the wars are ridiculous
and the president needs to end them.

But as a percentage of GDP 'defense' expenditures have been declining while "entitlements" are going the other way.

Furthermore, if we stay on this present reckless track of trillion dollar deficits the interest carrying cost will soon be higher than the 'defense' spending! The severity of the problem is currently masked by extraordinarily low interest rates, but way too much of that debt is in 5yr or shorter notes, and when interest rates rise so will the burden of (the ever-growing) debt.

Printer Friendly | Permalink |  | Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC