Reckless Spending vs Poverty (It's short so read it), page 1

To date we have spent 1.05 trillion dollars on 2 wars.
Numerically it looks like this: $ 1,050,000,000,000
www.costofwar.com...

New cost estimates on the bank bailouts are set at $87 billion
Numerically: 87,000,000,000
www.cbsnews.com...

Just adding those two numbers together brings us to one trillion one hundred thirty seven billion. $1,137,000,000,000

That would mean for the same price we could have provided:
$100,000 homes to 11 million 370 thousand families. (11,370,000)

$5 happy meals for two hundred twenty seven billion 400 million kids. (227,400,000,000)

At an average cost of $5 a meal, we could have fed every man, woman, and child on the planet 379 times, or 3 meals a day for 4 months.
or
Every American, 3 meals a day, for 1 year and 10 months.

With an average of $8,000 a year for health insurance, it would cover all 350,000,000 Americans for 5 months.

A public 4 year college education on average is calculated at $7020, we could have paid for 161,965,811 kids to get a higher education.
www.collegeboard.com...


Think about these things next time a person says we should bomb Iran, or we waste to much on entitlements.




[edit on 12-5-2010 by 12GaugePermissionSlip]

Originally posted by 12GaugePermissionSlip
New cost estimates on the bank bailouts are set at $87 billion
Numerically: 87,000,000,000
www.cbsnews.com...

figures are way too low. The first bailout was 750 billion the second was an additional 800+ billion.

I do not support warefareism or welfareism, both are bankrupting the U.S.

reply to post by zzombie

---

I found figures on the bailout ranging from 87 billion to 4 trillion. I went with the lowest so as not to cause a lot of debate on it.

Grab your calculator and see how many happy meals 4 trillion will getcha.

Originally posted by 12GaugePermissionSlip
reply to post by zzombie

---

I found figures on the bailout ranging from 87 billion to 4 trillion. I went with the lowest so as not to cause a lot of debate on it.

Grab your calculator and see how many happy meals 4 trillion will getcha.

Bailouts at last count were 23.7 trillion.
www.bloomberg.com...

The 700 billion and 4 trillion numbers are only looking at subsets such as TARP or fannie/freddie.

The total cost of all bailouts required will be pushing around 28-30 trillion.

The bloomberg numbers of 23.7 trillion are old.

That doesn't include socialist security or medicare, which tops 100 trillion in unfunded liabilities that must be made up for in the future. The 23.7 trillion is strictly looking at current bailout obligations.



[edit on 13-5-2010 by mnemeth1]

reply to post by 12GaugePermissionSlip

---

Well said. Except.. you got the bailout numbers wrong.

money.cnn.com...

These numbers are actually on the "conservative" side as well.

TARP total: $356.2 billion (118.5b paid back)

Total Federal Reserve Funds: $1.5 trillion (none paid back, just printed money)

295 billion in debt monetization alone. (buying our own debts)

Total "Stimulus Packages" $577.8 billion (none paid back)

Bailout of AIG: $127.4 billion (none paid back)

FDIC costs: $45.4 billion

Other Bailouts: $366.4 billion

Housing Credits: $130.6 billion

TOTAL FUNDS: Total $11 trillion committed $3 trillion actually spent.

These numbers are estimates from the government it's self, as of November 2009 .. much more has been spent from the total 11 trillion set aside.

According to the Government, www.fas.org... the United States has spent approx $944 billion on total military operations.

I'm actually pretty pissed off that it cost more money to cover the asses of wall street bankers.. 4 times as much actually, than it cost to operate a 6 years of warfare with 2 separate countries and subsequent occupations!!!

It obviously highlights which is worse, which is more of a treat to our way of life. Supposed boogy-man terrrrist and random religious extremist..... or bankers?

I say bankers.

The numbers say bankers.

I say we empty Gitmo and put every banking executive in there and water-board them till they cry where the money went.

reply to post by Dbriefed

---

I got an idea...why don't you be the first to reverse the overpopulation problem. Change starts with one's self, right?

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