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Friday, April 25, 2008

Why are gas prices going up?

The 2007 military budget is officially 493 billion dollars. Actually, the real figure is more like $626 billion. That's because the War in Iraq isn't included in the military budget. The current population of planet earth is 6.5 billion people. Divide 493 by 6.5 and we get $75.84. Take the real figure of 626 and divide by 6.5 billion and we get $96.30.

In other words, we could give every man, woman and child on the planet $96.30 a year and only spend the same money. About three billion people live on less than $2 a day. Those in extreme poverty live on less than $1 per day.

One reason gas prices go up is because we are engaged in massive borrowing to support the military. Borrowing weakens the value of the dollar. It takes more dollars, weakened by borrowing to support the massive military, to buy a barrel of oil. And as we keep borrowing, the process is going to continue.

2 comments:

Anonymous said...

freedom is not free.

Unknown said...

thank you mr. anonymous.
anymore stale cliches to spew while we engage in an increasingly pointless war in which our own are killed for a cause that began on a lie?
no? didn't think so.