One lesson that can be drawn from the fifth anniversary of the shameful Iraq war, as well as from the recent Federal Reserve actions to uphold the financial system, is that the United States can find the money to do things it believes important. There are real fiscal limits, but the spectacular wealth of the United States gives it the power to find astounding resources for top priorities.Question for commenters: have you observed any conservatives or libertarians publicly worrying about the moral hazard involved in the government's giving out Wall Street welfare?
The federal government has spent $700 billion to kill hundreds of thousands of people in Iraq, on a mission leading to the deaths of 4,000 U.S. soldiers and the maiming of thousands more. The Federal Reserve has conjured $200 billion to keep Wall Street functioning.
Can there be any doubt that the United States could, tomorrow, begin spending $100 billion a year -- or much more -- to address global warming?
Friday, March 28, 2008
The money is there
I'll outsource the observance of the fifth anniversary of the conservatives' stupid war to Robert Weissman: