Putting the bailout in perspective: Iraq and military spending

The media - both locally and nationally - has been awash in wailing and a great gnashing of teeth over what the bailouts might cost. What they fail to do is put this within any kind of meaningful context. Even so-called liberal commentators are wringing their hands in dismay over the, admittedly, huge numbers we’re dealing with.

What are we really talking about here? All of the bailout money is taxpayer dollars spent how? As the size of the bailout increases, the more they become a numerical abstraction - hard for anybody to get their head wrapped around.

Click to read more ...