promoting the unwanted, redheaded stepchild that is individual liberty

Posts Tagged ‘borrowing’

Funding war; should the taxpayers pay?

In foreign policy, war and peace on December 1, 2009 at 2:16 am

“The principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson

Today President Obama will detail his plan for a new policy in Afghanistan — part of which includes a large troop increase.

The hefty price tag accompanying Obama’s expanded war effort has caused some top Democrats to suggest a surtax to pay for the war. After all, Americans will be footing the cost of the healthcare reform bill, why not the wars’ expenses  also?

Rep. David Obey (D-Wis.) is one such Democrat. He is proposing a graduated surtax mainly burdening America’s wealthy. The tax would start at 1 percent for low-income earners and rise to 5 percent for high-income earners.

While I disagree with Obey’s graduated tax I applaud his efforts to bring financial sanity to Washington D.C. Both the Afghanistan and Iraq wars have thus far been funded by incurring debt through the borrowing and printing of money. The ramifications of such damaging policy are not felt until much later.

If Americans are to continue to support this war effort, they should at least be willing to pay for it. Burdening future generations with the debt of our wars is not only un-Constitutional, it’s immoral.

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