War Financing 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.
Even in democratic America, this has been true. We spend almost any amount of money to give our military the weapons of war that will make them more effective soldiers, but when they return with mental and physical wounds, government money is not so easy to come by to preserve them in good health. Cost is a major consideration in Veterans benefits and care, but weapons expenditures have little restraint. It has been so for many years in many cultures.
Jefferson was opposed to a standing army or a buildup of revenue even in case of war. He thought that a national surplus might tempt an administration to engage in war. This was one of the biggest differences between the Jeffersonians or Republican Democrats as they called themselves and the Federalists led by George Washington and John Adams. Washington was a strong advocate of military preparedness, while Jefferson believed that a nation which had a strong army and war chest would be too easily tempted to use it. That debate has raged in America since. However, at the beginning of the second world war, the then conservative party, the Republicans, had adopted the Jeffersonian view and it was FDR and the Democrats arguing for armament and preparedness. The United States was terribly unprepared for war, but mobilized rapidly and won the day. Since then both parties have supported military preparedness and the political argument has been over the degree, but there are few Jeffersonians left when it comes to military preparedness.
This is an excellent historical quotations showing how our government financed the Spanish American War. Wars have always placed economic stress on the nations which wage then. In the American Revolution we borrowed from individuals and from France. After that all our wars were financed by a combination of war bond sales, other borrowing, and tax increases—all except the George W, Bush Afghanistan and Iraq Wars which were not funded thus complicating an economic crises caused by Bush’s Great Recession. While some critics saw Bush’s actions as reprehensible and irresponsible—it was the only time in American history where tax rates were cut in wartime, Bush’s team had a plan. They had an ideological point of view that said that major tax cuts would spur the economy and lead to MORE government revenue as a result of the growth that would come. However, in this case there not only was no growth, but there was the worst recession in American History. But there was a plan to finance the war—it just went awry.
The United States is paying the military costs of the War on Terror. However by buying so much oil, a huge amount of our money goes to nations which are supporting and financing terrorism such as Libya and Iran. Even more money goes to Saudi Arabia which while it has trouble with terrorists of their own, follow a strategy that buys off terror groups by financing them directly and indirectly and finances Islamic fundamentalist educational institutions throughout the world which teach hate, intolerance and develops much support for Muslim Fundamentalist terrorists and in some cases finances the terrorism itself.
