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Old 12-03-2008, 09:35 PM   #1
jkwest jkwest is offline
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Default Cost of the bailout in context.

Here's a comparison of the $4.6165 trillion thus far devoted to the financial bailout with other big expenditures from US history, on an inflation-adjusted basis:

Quote:
• 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

__________________________________________________ ____________________

That is $686 billion less than the cost of the credit crisis thus far.

Don't want to make this into a debate and get this locked...I just wanted to show people some perspective about what we are dealing with....
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