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November 24, 2008

The Money Hole

Old, but new again.

In The Know: Should The Government Stop Dumping Money Into A Giant Hole?

Allah wants an expected total cost and estimate of chances for success.

I think we all do. When we were talking about the trivial (ahem) sum of $700 billion, that seemed like a pretty cheap cost to avoid an economic meltdown which could cost trillions.

But now we're talking trillions in costs. So what do the trillions of cost actually buy us?

And what is the additional cost imposed if we keep pledging all this money to further bailouts and it still doesn't work, thus not only leaving us with a bankrupted economy but a bankrupted government as well?

posted by Ace at 04:52 PM

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When we were talking about the trivial (ahem) sum of $700 billion, that seemed like a pretty cheap cost to avoid an economic meltdown which could cost trillions. But now we're talking trillions in costs. So what do the trillions of cost actually buy us? And what is the additional cost imposed if we keep pledging all this money to further bailouts and it still doesn't work, thus not only leaving us with a bankrupted economy but a bankrupted government as well? posted by Ace at 04:52 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Soothsayer and five yamulkas walk into a bar: " [i]A mis-spelling one time to 'Cold Cuts' and it ..." Miklos is Dissapoint: "Nice guy. 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