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Cost and Opportunity

 

September 26, 2008 | Daniel Kanis

BreakPoint Commentary – By Chuck Colson

Call it sticker shock. Across America, folks are outraged at the government’s rescue plan for the nation’s financial system. I understand—$700 billion is a lot of money.

But let’s get some perspective. Some estimate that the United States will spend more than $400 billion this year alone on foreign oil. So $700 billion is less than what we will be spending on foreign oil this year and next, putting money in the pockets of the likes of Saudi Arabia (which is an exporter of extremist Wahhabi Islam) and Venezuela (whose volatile leader, Hugo Chavez, makes no bones about hating the United States). Keep reading this article here.

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