Friday, April 10, 2009

The Bailouts/Stimulus in Perspective

This is a fantastic video by Reason.tv (2m, 44s, YouTube) that puts all of the money our benevolent federal government is pouring into bailouts and stimulus packages into perspective. It compares it to World War I, the New Deal, World War II, and the Iraq War, plus a few other federal projects over the last century. It's absolutely insane how much money the federal government is taxing, borrowing, and inflating in order to fund these projects. On top of that, at the end of the video, take their final number and multiply it by 9 to understand how much of an unfunded liability Social Security and Medicare are.

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