The Iraq War is financed almost exclusively by the United States, whose deficit is 90% financed by foreign lenders. As a group, lenders like the value of their investments to go up, not down. Well, the dollar is going down, the war hasn't an end in sight, and the Bush Administration has decided that more deficit spending will help pay to privatize part of Social Security, which does nothing to stave off its slide into bankruptcy as Baby Boomers retire. Speaking of social services we won't be able to afford, half of Medicare's budget pays for the sickest 5% of the elderly population accounts for more than half of Medicare's budget, mostly because the 1.5 million frail, homebound elderly who need doctors most aren't seeing them regularly. Thankfully, our burgeoning police state will merge nicely with China's when it buys the U.S.'s assets for pennies on the yuan and confiscates our family's meager retirement savings plans to pay for 50 years of trade deficits. But I'm not bitter or anything.
