schreibtisch dc: bailout costs

6.18.2009

Brent said...: OK, but there's a big difference between war spending and the two gigantic Federal Reserve "bailout" funds. The Fed. is out buying real assets with the money (and is, in fact printing money to do it (in a sense) so it's not taxpayer funds being used). The Fed has made 2 billion for the taxpayer out of these funds. A war spending taxpayer money on bombs that get dropped and destroy things. Maybe wars are sometimes necessary but they're pure spending in the worst way. Buying something with the money is a lot better.; June 18, 2009 at 3:31 PM

6.18.2009