Odd: War Costs = Bailout Costs = $1 Trillion

Funny (or maybe not so funny) that the total
bail-out for Wall Street failures is almost exactly the same amount as we’ve
spent so far for the war in Iraq. That is, just under one TRILLION (with a
"T") dollars

Makes you wonder:
What would you rather have – a war half-way across the world, or
a sound economy at home?

 

http://business.timesonline.co.uk/tol/business/economics/article4776342.ece

US bailout bill puts focus on worst-case scenarios

The tab for the government-backed rescues has
reached scary proportions, with commitments exceeding $900
billion
and no end to the crisis in sight. A further $85 billion was
added to the tally with yesterday’s crisis loan to AIG.

 

http://www.forbes.com/reuters/feeds/reuters/2008/09/09/2008-09-09T161711Z_01_N09257030_RTRIDST_0_USA-BUDGET-CBO-UPDATE-2.html

U.S. CBO sees budget deficit rising next year

The Iraq war, another hot-button issue in the
campaigns, continues to contribute to the large deficits. CBO said
$858 billion has been spent on combat and related
operations in Iraq and Afghanistan since 2001, with most on the war in Iraq.

This raises a few questions.
Who the heck is making these decisions on how our taxes are spend?
Do we want to continue spending for war, or perhaps bring it home for our own
economy?
Which of the presidential candidates will make better choices with our money?

Where will it end?

War spending: Where will it end?

~ by christianliberal on September 18, 2008.

3 Responses to “Odd: War Costs = Bailout Costs = $1 Trillion”

  1. Taking money from average working Americans, and wasting it on a prolonged war is probably ill-advised. But war is one of the few areas we need government for. Taking money from average working Americans to nationalize 80% of the entire mortgage industry and other private businesses sounds like something a government of a capitalist country should NOT do. Chavez does it in Venezuela and we cry foul.

  2. PERHAPS ONE DAY HUNTER PALIN WILL ‘MISS A MOOSE’ AND CATCH G.W.BUSH IN THE ASS! FOR BEING SUCH A ‘JACK’ AND THE WORST PRESIDENT ‘EVER’ IN THE HISTORY OF THE WORLD! HAPPY HUNTING HUNTER PALIN!

  3. My comment is waiting in moderation or caught in the spam filter.

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