Government Ineptitude Will Cost Us All

Source: American Consequences
by Trish Regan

“It’s been quite a week: the Taliban’s takeover of Afghanistan; a dangerous hurricane in the southeast; more evidence of inflation … What else can go wrong? A lot. Because just when you think things are about as bad as they’re going to get, we then learn that the Taliban now has $85 billion worth of our taxpayer-funded U.S. military equipment. According to House Minority Leader Kevin McCarthy, the Taliban now have more Blackhawk helicopters in their possession than Australia. And they got them for free! Meanwhile, the Taliban may get billions more in funding from U.S. taxpayers that was intended for the Afghan government. Current estimates suggest there may be more than $9 billion in foreign-currency reserves on hold by the Afghan central bank. Pressure is on former Fed Chair Janet Yellen to prevent the transfer of funds, but thus far, it’s not clear that she will.” (09/02/21)