Tag Archives: Mortgages

If the CIA Had Been Right, They Would Have Told Bush That Invading Afghanistan Would Cost $13 Trillion and Another Defeat

The estimated total cost of the US war against Afghanistan is now running $13 trillion, enough to pay off all debts of all Americans. Why didn’t the CIA, which the media trusts implicitly these days, warn us that we’d lose after spending all that money and destroying hundreds of thousands of lives on both sides?

The American Hallucination

A wag in the New York Times pointed out that the current ARM mortgage crisis owes at least as much to predatory borrowing as it does to predatory lending (which is admittedly a huge problem). I own a home now, but I can’t help wondering why renters–people who can’t afford to buy a home–should pay higher taxes to support those who own? It’s already pretty crazy that the Army Corps of Engineers spends millions to shore up beaches to save homes owned by multimillionaires.