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Comment by 1123581321

Yes, the wars contribute to spending but it's not being argued they are the entirety of excess spending.

We do perpetually borrow but our finance charges steadily increase, and not all of that is able to be deferred. The deferral will eventually have to be repaid or there will be an enormous disaster. It's actually worse in the long run than steady expenses.

To use an everyday example, it is similar to saying a laptop is not expensive because it's on a credit card and the credit card payments are financed with another credit card and so on. The laptop eventually costs more for using such a scheme.

parent 1123581321 14 years ago

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