We have just nationalized the consumer. In inflation adjusted costs, here is the cost 13 major US "purchases".
1) Hoover Dam $.8 Billion2) Panama Canal $7.9 Billion3) Gulf War I $98 Billion4) Marshall Plan $115.3 Billion5) Louisiana Purchase $217 Billion6) Race to the Moon $237 Billion7) 1980's-1990's S&L Crises $256 Billion8) Korean War $454 Billion9) The New Deal $500 Billion10) Gulf War II $597 Billion11) Vietnam War $698 Billion12) All of NASA $851.2 Billion13) World War II $3.6 Trilli
What's the total? 7,632,200,000,000. That's seven trillion six hundred and thirty two billion two hundred million dollars. How much money has our government promised printed to support the false economy we have been living in? An economy supported by a house of cards built on borrowing beyond our means. How much you ask?
stimulus package
9.7 Trillion dollars. That's nine point seven trillion dollars. 2.1 trillion dollars more than some of the largest government intervention programs in the last two centuries. And we have purchased nothing of value. Only debt that should be allowed to decompress. We have screwed ourselves beyond all rational thought. The raping of the American tax payer has officially been declared.
The entire gross domestic product of the US is only about $15 trillion dollars a year. Two thirds, or 10 trillion dollars is accounted for by the consumer. Um, did we just nationalize the consumer? I just realized I think we did. Now that I am nationalized, I have just one request. Instead of giving my $32,333 you spent for me last year to morons and idiots, I just ask that you give this year's 10 trillion dollars to me so I can spend it on fun stuff. I'm not sure who is going to pay for my fun.
I guess it doesn't really matter. Now that I'm nationalized, they can just keep printing more money for me to spend.



Happy,
ReplyDeleteMost of that 9+ trillion dollars is in short-term (30 day) loans against equally-valued collateral to ginormous banks. And the government will get repaid, come hell or high water.
It's not all hand-outs. It's insane to think it's all handouts. The 750 billion dollar TARP in November was supposed to be a handout, AKA "Capital Infusion". The couple hundred billion dollar stimulus package we got last year in tax rebates was a handout.