http://thefinancebuff.com/2008/11/700-billion-benchmark.html like a friend telling you about money ... Thu, 19 Nov 2009 19:44:17 -0600 http://wordpress.org/?v=2.8 hourly 1 http://thefinancebuff.com/2008/11/700-billion-benchmark.html/comment-page-1#comment-1132 Andy Thu, 13 Nov 2008 21:02:08 +0000 http://thefinancebuff.com/2008/11/700-billion-benchmark.html#comment-1132 A million is not what it used to be anymore. Folks now talk in billions, which just shows the magnitude of the problem. Give me a million dollars and I can definetly do more with it than the government ever could. A million is not what it used to be anymore. Folks now talk in billions, which just shows the magnitude of the problem. Give me a million dollars and I can definetly do more with it than the government ever could.

]]> http://thefinancebuff.com/2008/11/700-billion-benchmark.html/comment-page-1#comment-1109 Brent Fri, 07 Nov 2008 03:23:51 +0000 http://thefinancebuff.com/2008/11/700-billion-benchmark.html#comment-1109 Using 700B as a benchmark is really ridiculous because the 700B was not an expenditure, it was just an investment. The taxpayers could end up making money on our federal foray into investing. I seriously doubt it since it will be undoubtedly mismanaged, selling the assets in the secondary market for pennies on the dollar at the worst possible time. But i digress! If bloggers need a spending benchmark, then use a true expenditure like defense spending or welfare entitlements. I'll accept it as a conversational benchmark if and only if every single purchased asset becomes worthless, effectively rendering the bailout an overpriced toilet paper purchase. Using 700B as a benchmark is really ridiculous because the 700B was not an expenditure, it was just an investment. The taxpayers could end up making money on our federal foray into investing. I seriously doubt it since it will be undoubtedly mismanaged, selling the assets in the secondary market for pennies on the dollar at the worst possible time. But i digress! If bloggers need a spending benchmark, then use a true expenditure like defense spending or welfare entitlements. I'll accept it as a conversational benchmark if and only if every single purchased asset becomes worthless, effectively rendering the bailout an overpriced toilet paper purchase.

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