Barry Ritholtz has run the numbers to put this whole bailout into perspective. Adjusted for inflation, here’s a rundown of costs for major government expenditures throughout our nation’s history:
- Marshall Plan: $115.3 billion
- Louisiana Purchase: $217 billion
- Effort to Get to the Moon: $237 billion
- S&L Crisis: $256 billion
- Korean War: $454 billion
- New Deal: $500 billion
- Iraqi Invasion: $597 billion
- Vietnam War: $698 billion
- NASA: $851.2 billion
Total Cost: $3.92 trillion. Soak that up for a second. We funded the Marshall Pan, New Deal, bought a chunk of the country, fought the Korean and Vietnam Wars, freed Iraq, and got to the moon for a modern-day price tag of $3.92 trillion.
Total cost of this year’s bailout alone? $7.7 trillion…and counting.
H/t The Corner, which notes that WWII cost around $3 trillion (adjusted for inflation). Yeah, WWII was cheaper than the current bailout.


by Stephan Tawney on November 25, 2008