mdovell
Joined: 22 Dec 2007
Posts: 461
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Posted: Mon Jul 20, 2009 9:20 pm Post subject: Are you sick of it yet?
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http://www.politico.com/news/stories/0709/25164.html
23 TRILLION... mein gott
"In fact, $23 trillion is more than the total cost of all the wars the United States has ever fought, put together. World War II, for example, cost $4.1 trillion in 2008 dollars, according to the Congressional Research Service.
Even the Moon landings and the New Deal didn’t come close to $23 trillion: the Moon shot in 1969 cost an estimated $237 billion in current dollars, and the entire Depression-era Roosevelt relief program came in at $500 billion, according to Jim Bianco of Bianco Research.
The annual gross domestic product of the United States is just over $14 trillion."
The thing that gets to me is that how much inflation is this going to generation when all is said and done. It's nearly as if the reserve is trying to create deflation and the president inflation. Two policies but just one government....
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