Now, whatever you thought about Saddam, the best news is this: we got this war for no money down and zero payments for 10 years. That's right: every penny spent on this war has been added to the deficit. And this latest $82 billion sailed through without a hitch, with no pesky questions as to whether we should actually pay for our own wars today.
I suppose I'll get flamed for pointing this out, but the guy has a point. For WWII, we "made sacrifices" and bought war bonds, but for the war on terror, we're getting tax cuts and supposed to continue spending like mad on luxuries, while the Chinese buy up our country (treasury bonds) and our children and grandchildren are stuck with the bills?
If you personally mortgage your house as far as possible and max out all your credit cards, sooner or later there'll be a day of reckoning, and so it is also with our country. We can't go on like this.
You might also notice that the biggest problem with social security is that the excess being collected now while boomers are still working is being spent to make the deficit appear smaller.
Flame away.
Which had to be paid back later, just like the borrowing we are doing now. Because it was small denominations, they may have gotten a break on the interest, but that's about it.