Thursday, September 11, 2008

The Last 9/11

First, a congrats to our fighting men and women:

We may question the ends they've been assigned to accomplish, but it's still amazing what they've accomplished given the odds. Going forward, it's doubtful that America will ever be able to do again, what they've done over the last seven years.

One Iraq war argument that got brushed away by the side somewhere through the years was that this would be the last time that we'd be able to embark on so ambitious a mission. Not the strongest point to be sure, but none the less true. If I recall correctly (and I may well not) I think part of Bush's motivation for attacking Iraq was the fact that in the not to distant future there's a reasonably decent chance that the United States would be unable or unwilling to respond to another 9/11 style attack.

What got me thinking about this more than anything else was this research over at the Heritage Foundation:
The much larger threat [than the current yearly deficits] is the trillions in future costs associated with Social Security, Medicare, and Medicaid, which the CBO projects could push the federal public debt to nearly 300 percent of GDP by 2050 and over 850 percent of GDP by 2082.
300% might not sound bad next to 850% but something to keep in mind is that Japan's public debt ratio is up above 175% and it's about to break the system. So even a fraction of the 2050 estimate is probably untenable, but what are our future politicians saying about it? Pretty much nothing. In fact it's as if they're campaigning in a vacuum. Where will Obama get his money for his Red Guards, or McCain his money to invade anywhere with the budget deficit about go off like a daisy cutter?

The answer is that they're completely oblivious. They and there ilk will continue to be until events overtake them and they'll be left wondering where it all went wrong.

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