NEWS: Bush Asks Congress for Additional $40B for Katrina Recovery

The U.S. government sells interest-bearing bonds to individuals, corporations, investment firms (all both foreign and domestic) to raise extra money beyond what it gets in taxes, it doesn't simply just print money to cover the gap, that would cause rampant inflation.

en.wikipedia.org...

So, there is not going to be serious inflation and mayhap's depression with spending 160 bil (Iraq), 20 Bil (NY), 10.5 bil (Gulf States), 20 Bil (Gulf States), this moola is affordable through taxes and bonds?

Dallas

I am starting to believe that our nation lives in an economical illusion and disasters like the one in the south is going to show exactly what our economical situation really is.

We have been living in denial for far to long, we see our government spending like if it was a bottomless pit of money some where.

Lets see what is going to happen next.

The Federal Reserve Bank can control whatever there could be.

2004 GDP is only $50 billion? I wonder what is going to hold for 2005, 2006, 2007, etc...

Originally posted by Frosty
2004 GDP is only $50 billion? I wonder what is going to hold for 2005, 2006, 2007, etc...

He meant for the City of New Orleans...the U.S. GDP was $11.75 trillion (2004 est.)

Originally posted by Frosty
2004 GDP is only $50 billion? I wonder what is going to hold for 2005, 2006, 2007, etc...

As DJ said, that's just for New Orleans.
The total GDP for Lousiana is around $140 billion (2003)

en.wikipedia.org...

In addition, as pointed out earlier in the thread, the money is going to more than just New Orleans. It's going to multiple states.

Are you serious 'bout those figures, ie:

"The total GDP for Lousiana is around $140 billion (2003) ".

Or what?

Dallas

Originally posted by Dallas

Are you serious 'bout those figures, ie:

"The total GDP for Lousiana is around $140 billion (2003) ".

Or what?

Dallas

I think they're accurate.
If you can find anything else let me know.

On this site below they say the population of Lousiana was 4,496,334 in 2003 .
www.fedstats.gov...

I think the per capita GDP is around $30,000 (give or take a couple thousand) so if we muliply those figures we get the following:

4,496,334 x 30,000 = $134,890,020,000

hey acer,

according to fox news, i think Louisiana is an 11 cent state, meaning that for every person there, 11 cents per day per person is added to GDP. This is all purely TAX dollars.

I read a wel interesting artical about the ability to control and manipulate weather on www.threeworldwars.com it really made me think more, take a look.

[edit on 6-9-2005 by la2]