Sunday, September 21, 2008
Need $700 billion? Problem solved.
The government is about to spend $700 billion of our money buying up all the risky mortgages in the country. How much is that? AP helpfully points out:
The $700 billion sum is roughly what the Pentagon expects to spend in the fiscal year that ends Sept. 30, including the costs of the campaigns in Iraq and Afghanistan.And of course you're thinking exactly what I'm thinking, right? We really don't have another $700 billion, but we know precisely where we can get the $700 billion for the bailout. And, as an added benefit, make the world one heck of a lot safer to boot, once the scourge of U.S. terrorism is removed, at least for a year.
