I would say that this country is in the hands of madmen… but then I cannot but think that we have been that way for quite some time....
Vice-President Biden sez: We have to KEEP SPENDING to keep from going bankrupt
Insanity: “Stimulus” ultimate cost could be $9.7 TRILLION
At this point, I am only left to seriously wonder if the people who are supposed to be running the country, have any functional grasp at all of the value of numbers.
According to a story on Bloomberg.com, the total cost of all the bailouts that the U.S. House and Senate are pursuing with this “stimulus” package, is going to come out to, at least, $9.7 trillion.
Here it is for people who like to look at lots of zeroes…
It’s said to be enough to pay off 90% of all the homeowner mortgages in this country.
I’m going to paraphrase a line that I heard from a movie several years ago…
“The country is headed for trouble. The country is headed for grief.”...
Federal Reserve won’t say who’s getting TWO TRILLION DOLLARS of taxpayer money
Either way you cut this, it screams out “biggest heist of all time”.
On a related note, President Bush is considering tapping into the same funds since the “bailout” failed in the Senate last night.
Time to revisit “Hell Époque” post that I made all the way back in January. That was the term that future historians, I’m sure of it, would give our current era.
...The era of United States history that stretched from the early 1990s until the end of the first decade of the 21st century, that has come to be regarded as the final years of America’s long-time domination of the world’s culture and economy.
Although noted for considerable achievements in computers and telecommunications that led to apparent empowerment of the individual, the Hell Époque was