Thursday, June 12, 2008

BBC uncovers lost Iraq billions

This just in from Miles:

A BBC investigation estimates that around $23bn (£11.75bn) may have been lost, stolen or just not properly accounted for in Iraq.

Of course he just hates America.
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3 comments:

Anonymous said...

That's pretty cheap when you think about the over $500 billion a year department of "education."

Thursday, June 12, 2008 at 7:36:00 PM CDT
Michael T Justice said...

I'm no accountant to be sure. But I think this says the total budget for the Dept. of Education is about 67 billion last year ad 62 billion this year. Now I'll agree that we could better serve our schools at a local level and do a better job with outh the strings that come witht he federal money, but atleast the 60 odd billion goes to edumecate chirren as opposed to who knows what the 23 billion went toward.

http://www.ed.gov/about/overview/budget/history/edhistory.pdf

Friday, June 20, 2008 at 10:16:00 AM CDT
Anonymous said...

I consider federal, state, and local governments to simply be parts of a government conglomeration. According to the link I will post below, this monolith stole $797,200,000,000 from the American taxpayer to provide an inferior service known as public education in the year of our Lord 2007. This number ignores out-of-pocket expenses which become exorbitant at the university level (books, parking, random fees).
http://www.usgovernmentspending.com/#usgs302

Oddly enough, let's say you saved $10,000 to give to your kid to help the child pay for some of their college. If instead of giving this $10,000 to your child, you put it in a roth IRA for the child at age 18, by age 65 this money would grow to approximately $2,000,000 (assuming a 12% interest rate). So, which is better...help for college or investing?

Saturday, June 28, 2008 at 3:20:00 AM CDT

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