The Giant Wound in the Economy

I continue to be amazed at the number of stories about the economy — pro or con — that utterly fail to mention the trillion dollars we've squandered in Iraq, placing that gigantic hemorrhage in perspective with regard to why we can't afford stuff any more.

It's one thing to spend money on building stuff. Take cars, for example. Yeah, GM may go under, but at least you've still got your Chevy.

What good is it to spend money on death, destruction, and ill will? After you're done spending it, what do you have to show for it?

Small wonder peaceful nations like China, India, and Brazil are catching up with us, no matter HOW much harder we have to work than they do. They're building up; we're tearing down.