Defenestrating Thoughts from the Bivouac

A quick update on my post from earlier today, CNBC reports that the bailout spending is roughly $4.28 trillion dollars:

[The total is] $4,284,500,000,000, [which is] more than what was spent on WW II (adjusted for inflation, source).

That’s over $30,000 per taxpayer. So our leaders in Washington have spent $60,000 on Crissy and my behalf to bailout the rich. That’s significantly more than our entire household budget for the year!

To put this number in perspective, CNBC even provides a nice slideshow. Here are the highlights (all numbers are inflation adjusted):

• Bailout – $4,284 billion
• Hoover Dam – $0.8 billion
• Panama Canal – $7.9 billion
• Gulf War I – $98 billion
• Marshall Plan – $115.3 billion
• Louisana Purchase – $217 billion
• Race to the Moon – $237 billion
• Savings and Loan Crisis – $256 billion
• Korean War – $454 billion
• New Deal – $500 billion
• Gulf War II / War on Terror – $597 billion
• Vietnam War – $698 billion
• NASA (cumulative) – $851.2 billion
• World War II – $3,600 billion

With the money spent so far, we could rebuild Western Europe 37 times!

And keep in mind this is money that the American Government doesn’t have. It’s deficit spending. Somehow Washington is convinced that adding debt in order to throw borrowed money at a problem caused by too much debt is a good idea.