PAYING FOR A WAR ON CREDIT, NOT IN CASH

Amount Pres Truman temporarily raised top tax rates to pay for Korean War: 92%

Amount Pres Johnson temporarily raised top tax rates to pay for Vietnam War: 77%

President George Bush cut tax rates for the wealthiest at outset of -Afghanistan and Iraq wars: At least 8%

Estimated amount of direct Afghanistan and Iraq war costs that the US has debtfinanced as of 2020: $2 trn

Up to $6.5 trn is the estimated interest costs by 2050