The current Credit Crisis bailout is now the largest outlay In American history.
Jim Bianco of Bianco Research crunched the inflation adjusted numbers.
The bailout has cost more than all of these big budget government expenditures – combined:
• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
26 November, 2008
Scary, Scary Numbers
Spent my day with stomach upset and TV watching...not much to share with you, Gentle Readers, except this horrifying thought, from an article David showed me:
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2 comments:
Wow--that is truly sobering, isn't it? And all because of greed....
Amazing isn't it? Every time I watch the news and they add in more to the bailout, I just wonder how much more money they need to print out to keep up. Plus wouldnt it be easier to give US some of that money? I'm a consumer and am willing to buy what I need to buy to keep the economy going! LOL Seriously, we may be saving big business, but the consumer is the one drowning...
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