Use access key #2 to skip to page content.

What's a trillion dollars buy?



September 27, 2007 – Comments (3)

A broken, lawless desert, tens of thousands of dead, and over here, some sad, political theater. (Any guesses on what a trillion bucks worth of investing in meaningful domestic infrastructure might have yielded the U.S. economy?)

WMDs? Never there. "Terrorists?" They showed up only after we broke it and proved we were too weak to fix it. Oil revenues paying to clean up all that Rumsfeldian "untidiness?" Dream on. Oh, and cut taxes along the way. No need to actually pay for the war, when you can issue IOUs and print money, right?

Meanwhile the rest of us watch WWII documentaries, speak of sacrifice, then party on buying million-dollar McMansions on bad loans, putting an iPod in every pocket, even if that means loading up the credit cards because we can't afford it. We remain enablers to the despots in the Middle East because we simply must drive the Canyonero. Real Americans need a car that can take out the other guy's car. And hey, if the bill comes due on all that stuff, we cry out "I didn't understand the contract."

Who will pay the bill? Your kids, their kids, or grandkids? Anyone? Think they'll have the money for that, and the unfunded, upcoming Medicare and Social Security obligations that are being swept under the rug?

Think the current worries about dead-beat American homeowners defaulting on their McMansions can't morph into worries about whether the entire U.S. is a global dead-beat that won't make good on its payment obligations

Watch the buck. I don't think it stops here. 

3 Comments – Post Your Own

#1) On September 27, 2007 at 8:30 AM, TMFBent (99.32) wrote:

And here, a bit of the grade-school quality deliberation that went into the original decision.

Report this comment
#2) On September 27, 2007 at 10:44 AM, hall9999 (91.77) wrote:

I think I missed something.  Where did this term, "McMansion" come from?  Is that where Ronald McDonald lives?

Report this comment
#3) On September 27, 2007 at 10:56 AM, TMFAleph1 (92.57) wrote:

This post is a bit manicheistic for my taste, but I must pay hommage to the last line, which is genius.


Report this comment

Featured Broker Partners