I recently used this data in a client presentation to illustrate, and give context to, the cost of the 2008 bailout versus other large expenditures in US history. The numbers themselves come from Bianco Research LLC and only factor in expenditures as of mid-December, the dollar amounts have only grown since then.
Marshall Plan | 115.3 billion |
Louisiana Purchase | 217 biliion |
Race to the Moon | 237 billion |
S&L Crisis | 256 billion |
Korean War | 454 billion |
New Deal | 500 billion (est) |
Gulf War/ War on Terror | 597 billion |
Vietnam War | 698 billion |
NASA (cumulative) | 851.2 billion |
Total |
3.92 trillion |
2008 Bailout | 4,284.5 trillion |
All figures in US Dollars, adjusted for inflation
Only World War II comes close to the total cost of the 2008 bailout, at an inflation-adjusted cost of $3.6 trillion. Back then we were fighting for freedom from fascism. I still haven’t figured out exactly what we’re fighting for here…
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