Defense Secretary Robert Gates visited President Bush’s ATM (formerly known as U.S. Congress) on Sept. 26, and asked for a speedy approval of his requested withdrawal of $190 Billion from the national treasury to be spent on our nation’s occupations of Iraq and Afghanistan. In this post, we’ll explore “What else can $190 Billion buy (or be)?”
Here’s a quick short list:
- 2,486,586 Barrels of Brent Crude Oil, the highly prized variety of crude found in Iraq. Based on September average (through Sept. 26) of $76.41 per barrel, as reported by oilnergy.com.
- 39.25 MegaWatts worth of photo-voltaic solar panel modules. Based on the September 2007 average of 1,522 prices per Watt for PV modules available on the market according to SolarBuzz.com’s “125 Watts and Higher Module Index” (view site). Excludes all other components required to install the modules.
- Enough professionally installed Photo-Voltaic solar panel systems to produce 21.1 MegaWatts. Based the estimate of $9 per Watt for contractor installation of PV modules, inverters, wiring and hardware published in Solar-Electric.com’s “Solar System Costs” guide (view site)
- 9,069,212 Toyota Prius hybrid cars, each with an EPA-rated combined highway and city fuel efficiency of 46 Miles Per Gallon. Based on the car’s $20,950 MSRP as published on Toyota.com Oct. 1, 2007.
Turning attention toward civil services, the same $190 billion could pay for:
- The entire 2008-2009 General Fund of the Biennial Budget for the State of Minnesota 5.5 times.
Based on the State of Minnesota’s enacted 2008-2009 Biennial Budget, providing for General Funds of $17,067,959,000 for Fiscal Year 2008 and $17,441,058,000 Fiscal Year 2009. (Download PDF)
Tuition for 17,900,717 out-of-state full-time students at the U. of Minnesota Twin Cities. Based on the University of Minnesota’s out-of-state tuition of $9,790 plus its $500 “University Fee” and $324.10 Student Services Fee, as published in their 2007-08 Tuition Fact Sheet. (Download PDF)
Feel free to add your own statistic by posting a comment below.