Quote of the Day: Eavesdropping on “Chancelucky”

Because self thinks he is right and has something important to say:

Hidden Fees of the Bank Bailout

The Federal government recently bailed out AIG, the world’s largest insurance company, for 85 billion dollars in loans. Two days later, the Department of the Treasury is talking about hundreds of billions of dollars in “rescue” money for various financial institutions. These numbers are hauntingly familiar, because they’re roughly comparable to what we’ve spent on the War in Iraq. They’re also more expensive by a factor of at least ten than items like, fully funding special education (a thirty year old promise) at the Federal level, providing medical insurance for every child in America, giving every college student in America free tuition. Oddly we consider health care and education social “luxuries” that some claim we simply can’t afford, yet as best I can tell the various decisions that led to the current financial system and the War were also purely optional.

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