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09-22-2008, 02:11 PM #1
How does the current bail out compare to past spending?
Friends,
I asked Dixie to look up some numbers for us. Please review and comment.
The current bail out package the Bush administration is asking Congress to rubber stamp will force each of us further into debt to poor a minimum of 700 Billion dollars into failed business investments.
While everyone acknowledges that 700 billion is just for starters, some speculate the final price tag could go as high as 5.5 trillion of bad debts converted into Treasury notes.
Look at how this compares, please double check our numbers and let us know if you have any other interesting comparisons to add before we send this list out in an email.
Wall Street Bail Out Package 700 Billion to 5.5 Trillion dollars
Bail Out: $700,000,000,000.00 - 5,500,000,000,000.00
(In adjusted dollars for 200
Korean War: $405,200,000,000.00 (405.2 Billion)
Vietnam War: $596,200,000,000.00 (596.2 Billion)
Apollo Space Program: 151,400,000,000.00 (151.4 Billion)
Space Shuttle Program: (162.6 Billion)
Manhattan Project: (30.1 Billion)
World War 1 (US Costs) 328,292,421,030 (328.3 Billion)
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