Hooray, Bush’s credit line just went up again!

"Funding for U.S. operations in Iraq and Afghanistan and other activities in the war on terrorism expanded significantly in 2007," the Congressional Budget Office said in a report released on Wednesday.

War funding, which averaged about $93 billion a year from 2003 through 2005, rose to $120 billion in 2006 and $171 billion in 2007 and President George W. Bush has asked for $193 billion in 2008, the nonpartisan office wrote.

And, of course, the great thing is, old dudes like Bush are doing it NEW STYLE.

Not only do they make young people go fight in their wars (that’s Old School), but because they don’t raise taxes to pay for it and just pull the money out of the air and put it on credit they make those surviving young warriors PAY FOR THEIR WAR (and really it’s not a war it’s an occupation) after BushCo dies of old age (that’s the new manufactured reality!).

Bush has opposed paying the cost of waging war in Iraq and Afghanistan with tax increases or other specific offsets.

That means that nearly every penny spent gets added to the U.S. debt. The CBO estimated that just the interest payments on the debt would total $234 billion this year, more than the likely $250 billion budget deficit for the year.

These annual deficits and steep interest payments on borrowing all get rolled into the running tally that is the government’s debt — the more-than-$9-trillion figure.

The debt problem snowballs long-term, especially if the escalating costs of government-run health care and retirement programs are not reined in and if the United States maintains a large long-term military presence in Iraq.

So for the politicians who started the war and perpetuate the occupation, they pay absolutely no cost whatsoever. In fact, they politically profit by pushing the "ephemeral" concept of "victory" or at least "non-defeat". While those who actually fought it by their orders get to pay for it both coming and going.

Hope you weren’t counting on the government being able to afford to treat your PTSD someday soldier?

Related posts:

  1. Seance on Wall Street
  2. Bank of America Screws Taxpayers Coming and Going
  3. Pelosi, Dems Say House Health Bill Yields $6 Billion Surplus
  4. Unemployment Still Rising; Good Thing Collins, Snowe and Nelson Aren’t in Charge
  5. Does MERS Registration and Mortgage Fractionalization Extinguish Mortgage Rights?