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I.O.U.S.A – Who would bailout the bully?

Friday, October 31st, 2008 at 5:49 pm
by Borg

This is a trailer of an upcoming movie about the meltdown of US economy.

Every ten years or so, the United States needs to pick up some small crappy little country and throw it against the wall, just to show we mean business.

Jonah Goldberg of National Review

According to ecological economist Lester Brown it would only cost $190 bln to save the planet which is about a third of the US annual military expenditure, and less than a third or its recent banking bailout. The rationale behind military spending must be to protect US citizens from threats. So you got to ask yourself what is the bigger threat? “Once you accept that climate change, population growth, spreading water shortages, rising food prices etcetera are threats to our security, it changes your whole way of thinking about how you use public resources,” Lester Brown told Reuters in an interview. With $10 trillion in national debt (it has grown more than a trillion since the trailer was made) how can you rationally justify those priorities? Who could help? Europe, China – the Saudis? Who would want to help? When it comes to making friends, using Hellfire missiles and calling it “self-defence” just isn’t fair play in anyone’s book. 

If the bully wants to make friends why is he hitting everybody?

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One Response to “I.O.U.S.A – Who would bailout the bully?”

  1. Ideation » Blog Archive » Why did no one see the crisis coming? Says:

    [...] melt-down we are and how unstable the system is when within 24h the equivalent of half  the US national debt could “disappear”, but how helpless and powerless the government appears to be when a [...]

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