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Thursday, August 12, 2010

My Case for Irresponsible Spending

To cover a prior point on the Paul Krugman article in a previous post.  I came across this article that demonstrates some of the irresponsible spending the government has done.  The article was written by Marcy Gordon in the Huffington Post and covers Elizabeth Warren's findings of where government bailout funds ended up.  Turns out that Billions of dollars of these funds went to foreign banks, which helped out the foreign banks more than their own countries stimulus.  Those said countries took a more narrow focus ensuring their bailout funds stayed in their borders.  She also comments on the fact that there was no data on where the dollars were going?  That seems irresponsible to me and once again lands on the American taxpayers plate, like it or not.  [ read more... ]

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