How 'Bout That National Debt! :)

The nation's debt has reached the nine trillion mark and is still climbing. Let's put that in terms a little easier to understand: the interest rate alone now costs us the equivalent of fighting two Iraq wars at the same time.

Remember when Bushie promised us the Iraq war would cost a trifling $50 billion? And then he said the war would pay for itself. Uh, just who was it he had in mind. It sure wasn't me and you, sucker! Maybe he was thinking of Blackwater and Exon Mobil? Currently, the administration admits that the war is costing $500 billion per year, which probably means it's actually costing somewhere around four times as much. But let's give the Bushies their figure for a moment. Just how long do you think a CEO would last at a company if his estimates were wrong by a factor of ten? Any businessman would be ranked a complete failure.

That's just the argument that Nobel laureate Joseph E. Stiglitz makes in his recent Vanity Fair article.