Charge It to My Kids

The struggle against radical Islam is the fight of our generation. We all need to pitch in — not charge it on our children’s Visa cards. Previous American generations connected with our troops by making sacrifices at home — we’ve never passed on the entire cost of a war to the next generation, said Robert Hormats, vice chairman of Goldman Sachs International, who has written a history — “The Price of Liberty” — about how America has paid for its wars since 1776.

“In every major war we have fought in the 19th and 20th centuries,” said Mr. Hormats, “Americans have been asked to pay higher taxes — and nonessential programs have been cut — to support the military effort. Yet during this Iraq war, taxes have been lowered and domestic spending has climbed. In contrast to World War I, World War II, the Korean War and Vietnam, for most Americans this conflict has entailed no economic sacrifice. The only people really sacrificing for this war are the troops and their families.” Read more of Thomas Friedman @ New York Times