The False WWII Analogy


The False WWII Analogy – Victor Davis Hanson – National Review Online.

“In short, in 2011 there is nothing that suggests the present massive borrowing will lead us to anything like the prosperity of the postwar years — a time when social spending and entitlements accounted for 30 percent, not 70 percent of the annual federal budget; when households both had cash and were eager to buy long-denied items; when America did not import high-cost oil (having recently supplied 80 percent of its wartime allies’ oil needs from domestic production); and when an unscathed industrial-powerhouse United States was alone on top of the world.”

Facts require context to be meaningful.

Advertisements
%d bloggers like this: