The cost of the bailout?

I haven't checked this claim yet and I have always doubted how accurate inflation numbers are when you go back more than a couple decades (the measure has some problems even year to year). I would also have done it as a percentage of income and income has grown much faster over time than inflation. Still if this is correct, it is interesting.

"This current bailout, calculated only up to $4.6 trillion, has cost more than the following government expenditures combined: The Marshall Plan. The Louisiana Purchase. The race to the moon. The S&L crisis. The Korean War. The New Deal. The invasion of Iraq. The Vietnam War. NASA. All of those combined, in inflation-adjusted dollars, equal $3.92 trillion." -- Rush Limbaugh, 11/25/08



Post a Comment

<< Home