Wednesday, March 05, 2003


Dilettantes study tactics.
Amateurs study strategy.
Professionals study logistics.

Kos shows he's a pro. Check it out for some seriously good info, both on what our troops will be facing as they head toward Baghdad from Kuwait and why going through Turkey would be a really good idea.

However, that little saying above has a fourth line:

Winners study finance.

Are we going to be winners here? At least $100 billion for the war, no telling how much for the occupation, the economy in the toilet, and an administration committed to massive tax cuts for the only people who still have money. Traditionally, we have issued bonds to cover our deficits, but how long are people going to keep loaning us money? And what happens when we need to pay for Korea? Iran? Syria Lybia? Venezuela? Cuba?

I'll worry when the Government starts issuing "War Bonds" -- low interest, long term bonds to be bought by "all patriotic Americans". It worked during WWII to soak up excess cash that might otherwise have gone to bidding up the price of scarce consumer goods. Now, it would be a sign of desperation.

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