George Washington warned that the debts run up by "unavoidable wars" should not be charged to future generations. A recent history of how America finances war says that George Bush has failed to heed the advice of his predecessor. Another former general-turned-president is quoted in The Price of Liberty. Dwight Eisenhower said, "The current problem with defense spending is to figure how far you should go without destroying from within what you are trying to defend from without." The book's author is Robert Hormats, vice president of the financial giant Goldman Sachs.
KCRW
