War Cost Quotes



Wilson was very candid that there would be high cost to war and sacrifice would be needed. See {584570} for other similar candor. This quotation was often used by critics of George W. Bush who initiated the Iraq War and then cut taxes for the rich, but then financed the war through the budgetary emergency appropriations bypassing the budget rules that the revenue must be specified to pay for it. His administration even claimed at an early stage in the war that the oil revenue from Iraq oil would defray the costs.


Herbert Hoover had made a name for himself by his splendid administration of World War I famine relief, but he was also :


Essentially, the case of moral hazard was made against paying the slave owners. Lincoln took a pragmatic approach. However, not only was Northern opposition too strong for this proposal, but the Southern slave holders would never agree to selling their slaves. What Lincoln and most “pragmatic” Northerners did not realize is that even if the slave owners would get a fair market price for the slaves, they would be left with land and no way to work it. Their families would have no servants. They might have to work themselves like Northern farmers did, and their entire standard and style of living would be destroyed. Their sons were not well educated as many Northern young men were and were brought up to be gentlemen, politicians, and occasional soldiers—not work with their hands. They could not compete. And the slaveholders were right as the whole history of Reconstruction and backwardness demonstrated for more than 100 years.