Britain is refinancing some Soverign War Bonds dating from the Crimean War, Napoleonic War and WWI, 2 $Billion worth. 2 century old debt.
Our President has been reluctant to begin another war when the debt of the previous two wars hangs heavy. Those of the ProWar persuasion have insisted on 'Boots On The Ground' a move that would require 100,000s of personnel in the Middle East and allocating billions in debt to cover the cost.
"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed" President Eisenhower
-the cost of one bomber is the price of a school in 30 cities, 2 power plants, 2 hospitals, this is not a way of life in any true sense'.....D.Eisenhower