Wednesday, December 17, 2008

Putting Big Budget Numbers into Perspective

When the $700B bailout talk started, I wondered how big it was. Lots of comparisons have been made, but here's one that matters to me:
With enactment of the FY2008 Supplemental and FY2009 Bridge Fund(H.R. 2642/P.L. 110-252) on June 30, 2008, Congress has approved a total of about $864 billion for military operations, base security, reconstruction, foreign aid, embassy costs, and veterans' health care for the three operations initiated since the 9/11 attacks: Operation Enduring Freedom (OEF) Afghanistan and other counter terror operations; Operation Noble Eagle (ONE), providing enhanced security at military bases; and Operation Iraqi Freedom (OIF).
Wow.

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