In Congress, the battle rages over how to solve the nation's financial problems--most significantly, the growing national debt. Republicans led by Paul Ryan proposed a plan that he claims will shave $6.2 trillion in spending from President Obama's budget over the next 10 years, a return to what Ryan calls a rate "consistent with the postwar average." At the same time, his plan would cut corporate and top-earning individual tax rates to 25 percent from their current 35 percent with a promise to pay down the current national debt. While that certainly sounds good to both CEOs and citizens concerned about the national debt, Mr. Ryan's plan--especially in regard to tax cuts--overlooks a few key facts.

The war isn't over yet.

Returning government spending to pre-war levels would make sense if the war in Afghanistan were over, but it's not. Spending on war operations in Afghanistan alone averaged over $250 million a day in 2010, and the war is expected to drag on to at least 2014. To return to pre-war spending would first require an end to the war.

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