ABC News reports:
One week after an international military coalition intervened in Libya, the cost to U.S. taxpayers has reached at least $600 million, according figures provided by the Pentagon.
This link to the primary story comes from George’s blog on ABC New’s site.
I find some humor in the reporting considering we are blowing through even more cash in our escapades in Afghanistan and Iraq, yet the mainstream media has been largely silent on these issues.
The US has already entered into bankruptcy, as is evidenced by the 600 billion the Fed just printed. When the federal government engages in direct money printing, it can be considered entering into bankruptcy.
If the US wasn’t bankrupt, it wouldn’t need to print money. It could simply issue debt and sell that debt to foreign creditors. The fact that we are actively engaged in money printing highlights just how screwed up our economy is.
Meanwhile, ABC reports that we are now sending ground troops to Libya.