The Olympic Boondoggle Continued
Anne Applebaum raises this point about the upcoming London Olympics:
In 2002, the British government estimated the cost of hosting the Olympic Games at $2.8 billion. Ten years later, the price has passed $15 billion and is still rising. When everything is added up — lost business, as many as 13,500 British soldiers patrolling the streets of London (more than are in Afghanistan) — the expenses may come to $38 billion.
I touched on this earlier this month and, again, I have to wonder why it is that any nation is stupid enough to agree to host the Olympics. Quite honestly, Chicago should be glad they lost out to Brazil for 2016.