{"id":13513,"date":"2008-11-25T12:07:58","date_gmt":"2008-11-25T19:07:58","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/wp\/2008\/11\/25\/pretty-soon-it-adds-up-to-real-money.html"},"modified":"2008-11-25T12:07:58","modified_gmt":"2008-11-25T19:07:58","slug":"pretty_soon_it_adds_up_to","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2008\/11\/25\/pretty_soon_it_adds_up_to.html","title":{"rendered":"Pretty soon it adds up to real money …"},"content":{"rendered":"
\"\" <\/div>\n

The cost of the economic bail-out to date:<\/p>\n

\n

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion<\/strong> dollars.<\/p>\n

People have a hard time conceptualizing very large numbers, so let\u2019s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.<\/p>\n

Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures \u2013 combined:<\/p>\n

\u2022 Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
\u2022 Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
\u2022 Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
\u2022 S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
\u2022 Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
\u2022 The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
\u2022 Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
\u2022 Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
\u2022 NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion<\/p>\n

TOTAL: $3.92 trillion<\/strong> <\/p>\n<\/blockquote>\n

That’s a lot of money.<\/p>\n

<\/p>\n

(via BoingBoing<\/a> and Les)<\/p>\n

<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The cost of the economic bail-out to date: If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[35],"tags":[],"class_list":["post-13513","post","type-post","status-publish","format-standard","hentry","category-big-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":139265,"url":"https:\/\/hill-kleerup.org\/blog\/2019\/06\/13\/representatives.html","url_meta":{"origin":13513,"position":0},"title":"Representatives","author":"***Dave","date":"Thu 13-Jun-19 6:07pm","format":false,"excerpt":"If we don't pay congressfolk enough, then only the rich will be congressfolk","rel":"","context":"In "~Tweets"","block_context":{"text":"~Tweets","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/tweets"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2018\/03\/US-Capitol.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":132715,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/01\/31\/coming-soon-to-an-import-industry-near-you.html","url_meta":{"origin":13513,"position":1},"title":"Coming soon to an import industry near you","author":"***Dave","date":"Tue 31-Jan-17 2:06pm","format":false,"excerpt":"I will be the first to confess that the issue of offshoring jobs has no easy answers, because it has no easy answers. You can have it local, or you can have it cheap, but you really can't have it both (except in a wet dream of industrialists who want\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5418,"url":"https:\/\/hill-kleerup.org\/blog\/2004\/03\/15\/getting_pumped.html","url_meta":{"origin":13513,"position":2},"title":"Getting pumped","author":"***Dave","date":"Mon 15-Mar-04 8:37am","format":false,"excerpt":"Some interesting discussion of gas prices as adjusted for inflation, along with a nice graph. The results don't make me feel any better when I get the car filled up,...","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/hill-kleerup.org\/blog\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33258,"url":"https:\/\/hill-kleerup.org\/blog\/2013\/04\/18\/cost-perspectives.html","url_meta":{"origin":13513,"position":3},"title":"Cost Perspectives","author":"***Dave","date":"Thu 18-Apr-13 10:46am","format":false,"excerpt":"The next time someone's going on and on about austerity, about eliminating \"entitlements,\" about how we all need to make \"shared sacrifices,\" about how some study cost the taxpayers a million dollars, or how some space probe is a boondoggle, or how some program that cost a few hundred million\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12825,"url":"https:\/\/hill-kleerup.org\/blog\/2008\/09\/21\/potpourri_for_a_tired_sun.html","url_meta":{"origin":13513,"position":4},"title":"Potpourri for a tired Sunday evening","author":"***Dave","date":"Sun 21-Sep-08 9:02pm","format":false,"excerpt":"DARK, DREARY, SERIOUS ... Bailout is the best summary of the $700 Billion mess that I've seen. Though Happy Hour Discurso probably uses the most appropriate profanity. Open Thread for...","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/hill-kleerup.org\/blog\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13449,"url":"https:\/\/hill-kleerup.org\/blog\/2008\/12\/09\/pay_us_now_or_pay_us_late.html","url_meta":{"origin":13513,"position":5},"title":"Pay us now, or pay us later","author":"***Dave","date":"Tue 9-Dec-08 10:51am","format":false,"excerpt":"I reluctantly, pragmatically agree\u00a0with a bailout of the auto industry, for reasons previously discussed, but this is (bitterly) funny. You probably thought it was smart to buy a foreign...","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/hill-kleerup.org\/blog\/category\/big-business"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.hill-kleerup.org\/blog\/images\/auto-bailout.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/13513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=13513"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/13513\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=13513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=13513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=13513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}