Wednesday, January 07, 2004

This article paints a very depressing picture of the future of the US economy. It also gives us a little history lesson on what happens to countries that owe lots of money. As you may or may not know, in the last three years Dubya has turned a money surplus into a money debt that is so astronomical, invading Iraq may have been the only way to get out of it. I said from the beginning that the invasion was mostly a bid for control of Iraq's oil fields, but this article does a beautiful job of spelling it out. It is not very long, and quite informative. The next time you get into an argument with a conservative who states that we "had to invade Iraq", now you can agree. But they not like your reasoning, they seldom do.

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