Re: America is going broke! Federal Reserve official's fear as Libya missiles cost $

[Guest guest]

Honestly, a billion is pocket change at this scale.

http://www.dailymail.co.uk/news/article-1368942/Federal-Reserve-official-fears-U-S-going-broke-Libya-missiles-cost-100-million-day.html?ito=feeds-newsxml

America is going broke! Federal Reserve official's fear as

Libya missiles cost $100 million in just ONE day

By Gardner

Last updated at 9:21 PM on 22nd March 2011

A SENIOR Federal Reserve official warned today that

America is going broke as fears grow the Libyan

bombardment could cost more than $1 billion.

With the U.S. now fighting three wars, the timing of the

massive new military drain on the budget could not have

come at a worse time as the nation is trying to claw

itself out of recession.

The first day of Operation Odyssey Dawn had a price tag of

well over $100 million for the US in missiles alone,

according to estimates.

Although he did not refer to the Libyan offensive, Dallas

Federal Reserve Bank President Fisher said the

American economy is at a crucial `tipping point.'