Liz Peek, shows her ignorance of the true American financial state of affairs when she writes the following:
“government spending, now cruising along above 24 % of GDP – an unprecedented peace-time level “
America is currently we are involved in 3 wars, hardly a peaceful time. Never in the article do I read where she excludes military government spending from her calculations of government spending. How can I trust a financial writer that leaves the biggest piece of the pie off of the table for budget discussions?
If Republicans, the Tea Party or whoever is really interested in decreasing the deficit, they will figure out a way to fund our wars with something other than debt.
This coming October will be the 10th anniversary of our invasion of Afghanistan, and never once has the American people been asked to sacrifice anything, not like they were asked during WW2 with war bonds and rationing. It is the lack of personal sacrifice for these wars that enables a financial writer like Liz Peek to make the elementary mistake of calling a time when America is fighting 3 wars, a time of peace.
It is a time for peace for those of us at home, but for our military and those in Afghanistan, Iraq and Libya, we Americans are at war.