Speaking of money....? the recent write-down by Citibank of 12 Billion is an effort to clear off junk from their balance sheets so they can get back to "banking business" stuff.? Their balance sheet has a total of 2.2 Trillion dollars on it so 12 billion represents 1/2 of one percent of their balance sheet.? So far we are approaching the 500 Billion dollar mark of money spent on the Iraqi war in the past 6 years.? Pretty amazing numbers huh?.?
AZDAVE -----Original Message----- From: Tod E. Santee <[EMAIL PROTECTED]> To: [email protected] Sent: Fri, 11 Apr 2008 11:41 am Subject: Re: [QUAD-L] America's Defecit and Also the IRAQ war cost. Hey Danny! >From what I understand the typical "pork barrel" spending (i.e. earmarks) are >a miniscule part of Congressional spending. The majority of it is currently war spending and regular budgeting that's been necessary for running our country--which includes all the interest we paid to other countries to which were in debt. As for what we spend in Iraq, I understand we spend the same amount there in 3 weeks as we've spent in all six years in Afghanistan, a country that really was involved in 9/11. (I love talking politics and I've been surprised not to see much of it here. It used to get quite heated when I was here before.) Best regards, Tod ---- Danny Hearn <[EMAIL PROTECTED]> wrote: > Hey everyone, I was watching some program last night that said we are spending 5,000 dollars every second 7 days a week on the IRAQ war. In addition to that ---the American defecit is costing about a Million Dollars a Minute JUST FOR THE INTEREST PAYMENT ONLY ! Why can't our government cut back for a while and PAY down some on that defecit so a large part of our tax money don't go to DEFECIT INTEREST payments ?? Man if we ran OUR households in this way---------we would all be bankrupt. It's really sad the shape we are getting into--------- We all must balance our checkbooks or be homeless........ Do any of you think or worry about our future with the needless pork and waste our congress keeps approving??? I know I do. Dan H.
