“Now, countries don’t go bankrupt the way companies do,” said Allison. “They don’t file bankruptcy. They usually hyper-inflate. They print a bunch of paper money, or they become Third World economies like Argentina--unless we change direction. So, we absolutely have to change direction. And the irony of that is it requires an interesting combination. It requires both discipline, but it also requires a focus on growing our economy. And it means a fundamental philosophical change from where we are today, from the idea of redistributing wealth to the idea of creating wealth.”
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the Democratic staff of Congress's Joint Economic Committee, estimates that the costs of the war in Iraq and Afghanistan from 2002 through 2008 will total $1.6 trillion. The cost averages out to $20,900 for every family of four.