Will Grigg?s Liberty Minute

December 1, 2008

Since September 28, the federal bank bailout has cost much more than the $700 billion authorized by Congress. By the end of November, the total bailout bill was an estimated eight trillion dollars.

That amount is equivalent to more than half of last year?s gross domestic product. To put it another way, the Banker Bailout alone has cost as much, in inflation-adjusted dollars, as the combined expenditures on the Marshall Plan, the Louisiana Purchase, the lifetime budget of NASA, the S&L bailout, the Korean, Vietnam, and Iraq wars, and the entire New Deal.

An internal memo at CitiBank predicts that the ?world is not going back to normal? following the bailout. The memo foresees the middle class being ravaged by an ?inflationary shock,? and perhaps caught in ?a downward spiral? into global depression, civil disorder, and full-scale international war.

Our rulers know exactly what they are doing, and they don?t care about the consequences for the rest of us.

Let us take back the liberty wherewith Christ has made us free.