Moreover, the US is paying for these wars with debt. The government funded World War II partly with war bonds, but it also instituted the first general income tax in American history, increasing tax revenue from $8.7bn in 1941 to $45bn in 1945. This would have been impossible for an unpopular war. To finance today’s wars, by contrast, the US government has not only avoided raising taxes, but has actually cut them on an enormous scale, with the Bush tax cuts of 2001 and 2003 now extended at least through 2012.
War, debt and democracy - Opinion - Al Jazeera English
