“In the 30 years, since President Ronald Reagan created his expensive pie-in-the-sky Strategic Defense Initiative—quickly and appropriately named ‘Star Wars’ by critics and journalists alike—the United States has spent a whopping $250 billion on trying to shoot down fast intercontinental ballistic missiles, such as those that might someday be fielded by Iran and North Korea. This government effort has been a boondoggle, but then huge costs and poor performance rarely cause any government program to be terminated—evidence of this effect is exhibited by the continued flow of money to the project despite three decades of failure.”
http://www.independent.org/newsroom/article.asp?id=4682
Related posts:
Why Are Cops Acting Like Soldiers?
Why I Am an Anarcho-Capitalist
Taking pills for unhappiness reinforces the idea that being sad is not human
Paul Craig Roberts: It Has Happened Here
Boston Marathon Bomb Coverage Reveals Media Hypocrisy and Double Standards
The Good News Is That the Bad News about Kansas Was Wrong
Barack Obama’s Nixonian Fed Pick
Grand Illusion: Social Security Is a Government Insurance Program
Bitcoin is a Startup
Here’s an Escape Route from America’s Decline …
“The Government is US?” Not Unless We’re Citigroup
Doug Casey on Internationalizing Your Cash
Obama Follows Bush's Iraq Playbook
Will IRS Find Your Small Foreign Bank Account?
Stop Fooling Ourselves: Americans Can't Afford the Future