Bailout Cost in Perspective

Discussion in 'Current Events' started by wkmac, Nov 25, 2008.

  1. wkmac

    wkmac Well-Known Member

    November 25, 2008

    Just How Much Is the Bailout?

    Posted by Lew Rockwell at November 25, 2008 02:01 PM

    Thanks to Steve Berger:
    If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let’s give this some context. 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
    http://www.lewrockwell.com/blog/lewrw/archives/024178.html
     
  2. stringerman85

    stringerman85 New Member

    I wanna actually see a trillion dollars in cash :happy-very: ..a trillion dollars would be a billion 100 dollar bills, holy christ

    On a serious note tho, This news is pretty hard to believe
     
  3. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Actually 10 billion 100 dollar bills. :wink2:
     
  4. drewed

    drewed Shankman

    Good job hoke, thats why you work on ups.com lol