Tuesday, November 25, 2008

EVEN CORRECTING FOR INFLATION, BAILOUT BIGGER THAN . . .

Cory Doctorow, Boing Boing - If we add in the Citi bailout, the total cost now [ of the bailout] exceeds $4.6 trillion dollars. . . The current Credit Crisis bailout is now the largest outlay In American history. Crunching the inflation adjusted numbers, we find 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

0 Comments:

Post a Comment

<< Home