Had the United States not invaded and occupied Iraq, the world would almost certainly have enacted the Doha round of trade liberalization that would have ended most agricultural subsidies. The gains in the stock market of more than $5 trillion will also evaporate once capital-gains taxes and dividend taxation jump back up to pre2003 rates. More tellingly, however, Obama supports an increase in the size of the army and Marine Corps force levels, although such increases will bring with them ancillary costs that he tends not to discuss.\n Personnel expenditures may well be the most-important cost drivers in the defense budget.
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