Does anyone realize what the GOP just did?

[quaker bill]

66. It is not hard at all

Your argument indicates that you think only tax dollars can be "wasted". That is my point, this contention is simply untrue. There is only one kind of money. The private sector is vastly more capable of wasting it than the public sector, if for no other reason than that they simply have so much more of it.

Understand that the money lost in this latest real estate bubble alone was 2 to 3 times larger than the entire national debt. This is true even if you don't count the resulting recession and related loss of GDP. (This added in would expand the loss to perhaps as much as 4 times the national debt). Now toss in the tech bubble, Enron, and the S&L collapse and government debt starts looking very tiny.

So we dutifully "concern" ourselves with the latest government "waste" scandal, something that amounts to 0.001 percent of the federal budget, while real waste that costs 25 or 30 times the entire federal budget doesn't even earn the term. We are well trained.