Wall Street Bailout Exceeds Cost of All US Wars Combined
And you can throw in the New Deal, Marshall Plan and Moon Shots
as well
rockcreekfreepress.com
Casey Research, of Vermont, has analyzed the costs of the
government bailouts of the housing crisis, the credit crisis
and others and has concluded that the total is $8.5 trillion,
which is more than the cost of all US wars, the Louisiana
Purchase, the New Deal, the Marshall Plan and the NASA Space
Program combined.
According to CRS, the Congressional Research Service, all
major US wars (including such events as the American
Revolution, the War of 1812, the Civil War, the Spanish
American War, World War I, World War II, Korea, Vietnam, Iraq
and Afghanistan, the invasion of Panama, the Kosovo War and
numerous other small conflicts), cost a total of $7.5 trillion
in inflation-adjusted 2008 dollars. |
