Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I see a lot of comment saying "the USA cannot do this x,y,z because we don't have oil money to back it". USA is in the top three oil producers now at 10 million barrels a day. Yes even that won't cover the total cost for free health care or free education, but that is still a huge amount of money. More importantly, the amount of money the US government has wasted could have paid for the above. Trillions of dollars have been burned on Quantitative Easing and other ridiculous stimulus. And the result was over capacity in oil production and debt that can never be repaid. Instead of hundreds of billions burned, the US government could have given every unemployed individual a whole new education.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: