The U.S. government
more on its military today, to support its wars in Iraq and Afghanistan,
its global military presence, and its arsenal, than it spent (in
inflation-adjusted dollars) in the most expensive year of the Vietnam War.
And much of this spending is coming from “off-budget” borrowing.
For instance, Congress has “borrowed” $177 billion from the Social Security
trust fund this year to spend on war and pork, but you won’t see that $177
billion show up in the officially-reported budget deficit.
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