Thursday, October 2, 2008

Fannie/Freddie and the Stealth Welfare State By Christopher Chantrill

Back in the good old days the US used to spend big money on secret defense projects. And no wonder, for in 1960 defense and the military industrial complex ate up 10 percent of GDP.  It was easy to find money for the odd U-2 spy plane or the granddaddy of all "black" projects, the Mach 3 spy plane variously known as the A-12, YF-12, and SR-71 Blackbird.

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