Bailout Debt

(Townhall) Bianco Research crunched the adjusted for inflation numbers for previous conflicts and federal programs to compare it to the cost of the financial bailout. If you count the Citi bailout, our total Wall Street welfare costs are more than $4.6 trillion. This is more than all the programs below combined. It will also cost more than the entire cost of World War II which, adjusted for inflation, cost Americans $3.6 trillion in today's dollars.

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551billion, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion

I truly miss the economic insight of the late Larry Burkett. If he was still with us, his comments regarding this latest effort to deluge ourselves in debt would be most revealing.