Preventing Armageddon Would Cost Only $100 Million … But Congress Is Too Thick to Approve the Fix
November 23, 2012 - 1:09pm
The government has thrown tens of trillions of dollars at the big banks, even though bailing out the big banks hurts – rather than helps – the American economy. See this, this and this. (And it doesn’t take a PhD economist to guess that using bailout funds to buy gold toilet seats and prostitutes is probably not the best way to stimulate the economy as a whole).. Nobel prize winning economist Joe Stiglitz says that the $3-5 trillion spent on the Iraq war alone has been very bad for the American economy. See this, this and this. Security experts – including both hawks and doves – agree that waging war against Iraq and in other Middle Eastern countries weakens national security and increases terrorism. See this, this, this, this, this, this, this and this. The government has thrown money at all sorts of other useless projects. And yet Congress refuses to spen...
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