As Congress debates a White House-proposed $700 billion bailout for the worst financial crisis since the Depression of the 1930s, Bono questioned why wealthy countries had not been able to come up with enough aid for the world’s problems.
“It is extraordinary to me that you can find $700 billion to save Wall Street and the entire G8 can’t find $25 billion to save 25,000 children who die every day of preventable treatable disease and hunger,” the U2 lead singer told Clinton’s fourth annual philanthropic summit in New York. “That’s mad, that is mad.” … “Bankruptcy is a serious business and we all know people who have lost their jobs,” Bono said, referring to the bankruptcy declared by Wall Street investment bank Lehman Brothers Holdings Inc. “But this is moral bankruptcy.”
There's a lot that could be said about the current financial crisis, but Bono's right- there are more important things we're totally ignoring. The financial crisis is urgent, to be sure, but so are the 25,000 children dying each day. Our priorities are wrong.