- Joined
- Sep 30, 2005
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Why are Republicans suddenly in favor of a balanced budget amendment? Wasn't the war in Iraq largely financed through debt? (Not looking to turn this into a right or wrong on the war, simply saying that there was a lot of debt involved in a war that their party overwhelmingly supported)
The reason why it's a bad idea is this. Debt isn't always bad. Think about your personal finances -- if you own a house, you probably didn't come up with cash for it. You have a mortgage, which is debt. Car payments? Debt. Would your life be better with no house and no car?
If Bush, either of them, had said "I want a war and we should pay for it up front with increased taxes", our economy would be a lot better off.