A while back the New York Times was concerned about the cost of the Iraq War and published some estimates of what else we could have bought with that money. We didn’t find that very interesting at the time, but now, while trying to wrap our minds around just how effing huge the $700 billion proposed bailout of Wall Street really is, we decided to revisit that article. Here’s what you can buy for less than $700 billion, according to the New York Times.
For $100 Billion you can Universal Health Care for all people in the U.S. without it.
For $35 Billion you can get universal preschool. Half-days for 3-year-olds and full days for 4-year-olds.
For $10 Billion you can carry out all the security recommendations issued by the 9/11 commission.
All these costs are annual. We’re not saying this is how we should spend the money, but it does give you an idea of what a large amount we’re talking about.