Archive for February, 2009
Read the whole thing:
The $9.7 trillion in pledges would be enough to send a $1,430 check to every man, woman and child alive in the world. It’s 13 times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office data, and is almost enough to pay off every home mortgage loan in the U.S., calculated at $10.5 trillion by the Federal Reserve.
You know, that’d still be obscene and stupid, but it’d be a lot more efficient at stimulating the economy than the twin grab-bags of massive random spending oozing through Congress. But I’m sure glad we have Congress to help us out discover such innovative ways to stimulate the economy.
Via Ace, who put it this into further perspective:
That’s 2/3rds of the entire value of everything produced by the US last year. Not 2/3rds of the federal budget — 2/3rds of the value of everything we made last year. Everything.
And more to come.
Yep, we haven’t even seen what’s in TARP II or this year’s annual omnibus spending bill. And, like the stimulus bill, I have a feeling we won’t see any of those details until after they’ve already been handed over to the President by our new Democrat majority. And our kids, and their kids, and their kids will get to pay it all back. But, hey, with this many bribes to pass around and favors to call in, they’re sure to get re-elected, and that’s what really counts.
Tired of dry financial analysis? Statistics can be good for other things, too!
Sounds about right to me. Playboy has always featured idealized and extensively airbrushed women. In recent decades they’ve steadily gotten more extreme and less realistic. I suspect it’s one of the reasons why Playboy is in financial trouble and hasn’t competed well in the era of the Internet. There’s clearly a market for glamour and nude photography, and, despite so much of it being available for free, many people still see value in paying for it. Some internet porn is way more explicit than Playboy has ever been, of course, but many popular sites are about the same level. I suspect Playboy’s stylistic choices have just not kept pace with public tastes.