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Will the costs of war escalate?

*Texas Straight Talk, by Congressman Ron Paul, August 30, 2010

”Of course the number of private contractors – who perform many of the same roles as troops, but for a lot more money – is expected to double.  So this is a funny way of ending combat operations in Iraq.  We are still meddling in their affairs and we are still putting our men and women in danger, and we are still spending money we don’t have.  This looks more like an escalation than a draw-down to me!

The ongoing war in Iraq takes place against a backdrop of economic crisis at home, as fresh numbers indicate that our economic situation is as bad as ever, and getting worse!  Our foreign policy is based on an illusion: that we are actually paying for it.  What we are doing is borrowing and printing the money to maintain our presence overseas.  Americans are seeing the cost of this irresponsible approach as our economic decline continues.  Unemployed Americans have been questioning a policy that ships hundreds of billions of dollars overseas while their own communities crumble and their frustration is growing.”

*This information is solely a highlight of the opinion of a third-party publication and is incomplete.  Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Aftershock Investor