Will the war against Islam bunkrupt the US? A Conservative View
The fiscal consequences of the war against terror
by Richard Maybury

In the economy and investment markets, the most important story of 2005 has been completely missed by the mainstream press. It was in Osama bin Laden’s speech on October 30 th, 2004.

Bin Laden said Muslim guerrillas "bled Russia for 10 years" in Afghanistan, until Russia "went bankrupt and was forced to withdraw." He said, "We are continuing this policy in bleeding America to the point of bankruptcy."

Bin Laden explained, the 9-11 attack cost the guerrillas $500,000, and it has cost America $500 billion. That’s a ratio of a million to one. For each dollar the guerrillas spent, Washington has spent a million. This ratio, said bin Laden, is the primary reason the federal deficit "has reached astronomical numbers."


Full story here.