U.S. to Borrow/Print More Than Entire Cost of War This Year

by | Jul 29, 2008 | Stress Blog | 13 comments

USA Today says the federal budget deficit for fiscal year 2009 will be approximately 490,000,000,000 dollars.

That’s more than twice what the wars cost this year (though still less than the entire annual cost of the hard and software of empire).

Now tell me again how all this borrowing/inflation is supposed to be good for the economy again? Wait, what’s that, borrowing and inflation are terrible for the economy except when it’s for war, then it’s good? Do I have that right?

Listen to The Scott Horton Show