Liz Peek vs. Paul Krugman | Budgeting During A Time Of War

Bombing during the Libya War

Over at a so-called financial writer, Liz Peek, posted an article criticizing Paul Krugman, who criticized Paul Ryan about his budget proposal. 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…

Read More

Emotions Lead The United States To Another War

We humans seem very good at using our our emotions to decide what is good or bad.  This emotional gut instinct or “common sense” is often based on large identifiable events or occurrences, rather than daily, incremental occurrences. Take the attack on the USA on September 11, 2001.  On that day a little over 3,000 people died. It was a tragic day, but in the ensuing wars that have followed we have lost over 4,500 of our soldiers.  We justify the deaths of our soldiers (more people) based on one…

Read More

Nearly 10 Years of War

Afghanistan War

Yesterday I was asked what I thought of the war. My first question was which one? This coming October will be the 10th anniversary of the beginning of the war in Afghanistan. As modern wars go, it is quite long. I believe the only reason it is has persisted for so long is because of two reasons. There is no clear objective. Unlike World War 2, we haven’t been able to kill the bad guy, Osama Bin Laden. The American public doesn’t have to sacrifice anything for the war effort…

Read More