What's another $1 trillion here and there among friends - especially when it promotes a leftist agenda?
Throwing around a big number like that obviously isn't a problem for one liberal executive. Woody Tasch, the chairman of Investors' Circle wrote in the November 15 Christian Science Monitor that since we can spend money on Iraq, we can spend $1 trillion over five years for socialist causes.
"Economists project that the cost of the war in Iraq, when all is said and done, will come in at $1 trillion or more," wrote Tasch. "I say: Let's do it again! Let's allocate another trillion dollars - but this time for the good of all humanity and all species. Let's do it with the same moral urgency and vision that has made America great at so many critical junctures in history."
Tasch's proposal would come out to $200 billion annually [$1 trillion in five years] - roughly 1.5 percent of the U.S. gross domestic product. That would be enough to gobble up almost half of the U.S. GDP annual expansion, growing at a rate of 3.2 percent.
"The financial returns of the 20th century depended upon environmental and social trends that are unsustainable. The old worldviews and economic institutions are no longer adequate. We must begin to move, and move boldly, in a new direction," wrote Tasch sounding eerily familiar to the last line of Karl Marx's "Communist Manifesto":
"The proletarians have nothing to lose but their chains. They have a world to win. Workingmen of all countries, unite!"
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Find the $ Trillion plus..
November 16, 2007 - 16:07 ET by Gary HallFirst, find the $ Trillion plus.. of Federal tax revenue which was lost becasue of economic fallout following the collapse of the Clinton bubble in 2000.
What is it with these
November 16, 2007 - 16:21 ET by rimskyWhat is it with these wealthy elitists and their proclivity to using the money of the masses in curing all social ills. They should assuage their guilt complexes with their own damn money!
No, their money is too good
November 16, 2007 - 16:26 ET by Lord ElicaniNo, their money is too good for curing social ills, and instead must be spent on themselves. Let the lesser people worry about the funding!
Quo usque tandem abutere, Catilina, patientia nostra? Quam diu etiam furor iste tuus nos eludet?
Management of the $1 Trillion
November 16, 2007 - 17:14 ET by heldmywTo be handled by the U.N., under the direction and supervision of Messrs. Jesse Jackson and Al Sharpton, whose comments consisted of breathy repetitions of "Oooooo, baby ooooooo".
Yeah, the previous
November 16, 2007 - 18:59 ET by Chris NormanYeah, the previous investment of all those trillions of tax dollars to cure social ills really paid off, huh? Hey, let's do it again! This guy is a real investment expert...
"I say: Let's do it again!
November 16, 2007 - 20:18 ET by Gary P Jackson"I say: Let's do it again! Let's allocate another trillion dollars -
but this time for the good of all humanity and all species. Let's do it
with the same moral urgency and vision that has made America great at
so many critical junctures in history."
It still amazes me. Protection of the Nation, by the military, is spelled out in the Constitution. Funding of the military is spelled out in the Constitution. If these socialists want to spend money on things "good for all humanity, and species", let them try and ammend the Constitution. Of they already KNOW how that would turn out.
another trillion "for the good of all humanity and all species."
November 16, 2007 - 21:54 ET by yruymiLiberals read Marx. Conservatives understand Marx.