November 24, 2008

EMP: Still Something to Keep You Up at Night

Leave a Comment / Miscellanea, Politics /

In case you’ve already resumed sleeping normally after my prior post on the EMP threat, the Wall Street Journal has more to remind you of the danger.

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$7,400,000,000,000

1 Comment / Law, Miscellanea, Politics /

That’s what the Fed is pledging to “rescue the financial system,” according to Bloomberg.com. That’s 50% of 2007 GDP, or 288% of 2007 federal tax revenues. Makes my prior post sound look like a praise of good budgeting.

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