Perpetual Debt: From the British Empire to the American Hegemon, by H.A. Scott Trask

Article image "...Since Prime Minister Sir Robert Walpole's introduction of the funding system in England during the 1720s, the secret was out that government debt need never be repaid." ...
"...'Bush officials have suggested that their 'war on terror' will last many decades. Less than a month after 9-11, Defense Secretary Rumsfeld compared it to the '50-years, plus or minus' of Cold War with the Soviet Union. In March 2002, Secretary of State Powell warned that the war 'may never be finished, not in our lifetime.' A month later, Homeland Security Director Tom Ridge warned that the threat of terrorism 'is a permanent condition to which this country must permanently adapt.'"

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