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The core budget for 2008 is expected to be $481.4 billion, compared with $441.5 billion for 2006; but the "supplemental" requests to cope with the conflicts in Iraq and Afghanistan push the figures even higher - from a total budget of $557.3 billion in 2007 to $645.6 billion in 2008.

injured in combat now exceed 23,000 (at least 10,000 of them seriously so). The effects of non-combat injuries, and of mental and physical ill-health, have required at least 20,000 troops to be evacuated from combat-zones to the United States. Many thousands more come to experience post-traumatic stress disorders.

Consider the evidence uncovered by Paul Oyer, a Stanford Business School economist, in his recent paper, "The Making of an Investment Banker: Macroeconomic Shocks, Career Choice and Lifetime Income" (National Bureau of Economic Research Working Paper 12059, February 2006). Dr. Oyer tracked the careers of Stanford Business School graduates in the classes of 1960 to 1997.He found that the performance of the stock market in the two years the students were in business school played a major role in whether they took an investment banking job upon graduating and, because such jobs pay extremely well, upon the average salary of the class. That is no surprise. The startling thing about the data was his finding that the relative income differences among classes remained, even as much as 20 years later.