2007/02/14

Debt and Death Tolls

"Avoid the Rush" by Chris Leithner points out how US debt was kept low at the founding of U.S.A. but as America got involved in wars, the debt kept piling up and now stands at $440K per household (about nine times the medium income).

The 90 second spot on American war death toll is very sobering. And if you compare the numbers together, it looks like:



























YearWar and other eventsDeathsDebt thousand $GDP
1789American Revolution4,435$80,00030%
1812 $45,000
18161812 War2,264$125,000
1835$380%
1848Mexican-American War13,283$65,000
1857$30,0005%
1861$75,000
1865Civil War364,511$2,800,00065%
1880$2,100,00015%
1890$1,100,00010%
1900$1,200,0008%
1918World War I116,516$25,000,00025%
1930Great Depression start$15,000,00018%
1940Great Depression peak$72,000,00038%
1945World War II395,500+$260,000,000110%
1950$257,000,00095%
1960Korean War (50-53)36,574$290,000,00070%
1970Vietnam War (59-75)58,209$390,000,00028%
1980$930,000,00030%
1989Grenada'83 & Beirut'8419 & 266$2,700,000,00048%
2001Gulf War I & Somalia382 & 43$5,700,000,00056%
2007Gulf War II (Jan)3,000+$8,700,000,00067%
2007Full accounting of debt$53,000,000,000400%


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