by William F. Buckley, Jr.
National Review
07/20/04
[H]ow are we feeling the pinch of the direct expenses of the war? We coast along as if we can take care of that kind of thing simply by borrowing. In the last two years, our deficit spending has been in the neighborhood of $800 billion. If you are sitting at the national poker game you can get away with a fugitive smile by counting in current inflation. At three percent, we can figure that the $7 trillion national debt gives us back $210 billion, inflated away (whsk!). But reasoning along those lines wouldn't make much political headway in an election year. We need some straight talk, and straight talk speaks of impositions on U.S. citizens, foremost of which is --
taxation...
http://www.nationalreview.com/buckley/wfb200407201413.asp
Informant: Thomas L. Knapp
