Vice Chairman of Goldman Sachs International
Vice Chairman of Goldman Sachs International and author of the newly published The Price of Liberty: Paying for America’s Wars
PROFILE
Robert Hormats
Guest
FROM Robert Hormats
Which Way, L.A.?
Is the Costly Iraq War Endangering US Safety at Home? One of America's major financiers says that spending on the war in Iraq could make America more vulnerable, rather than safer. Robert Hormats is Vice Chairman of Goldman Sachs International. His new book, The Price of Liberty : Paying for America's Wars, argues that President Bush is ignoring George Washington, who warned against passing the cost of war onto future generations. He also sites Dwight Eisenhower, who said, "The problem with defense spending is to figure how far you should go without destroying from within what you are trying to defend from without."
To the Point
Is the Cost of War Preventing Us from Being Safe at Home? 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.
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