Here are some interesting statistics on spending:Total 2008 U.S. Government spending/budget: $3 trillion
Total 2008 Korean Government spending/budget: $280 billion
Total government spending on education:
U.S. Government: $56 billion (1.8% of total)
Korean Government: $36 billion (12.8% of total)
(Wow. I'm surprised I can read and write. I'd likes to aks u a pew kestions.)
Defense/Military spending:
U.S.: $805 billion (Defense Department + Global War on Terror + Dept. of Homeland Security + Iraq and Afghanistan) LOL!
Korea: $25 billion
Iraq's GDP for 2007 was $100 billion. (5% growth rate)
Afghanistan's GDP for 2007 was $10 billion. (7.5% growth rate)
Now, if Iraq and Afghanistan were companies with stocks that could be purchased...
Based on growth: Iraq's P/E(PER) 5 Afghanistan's P/E(PER) 8
Market value of: Iraq $500 billion Afghanistan $80 billion
So, $580 billion could've purchased the two countries, I mean companies. This is actually pretty reasonable as Google trades at around 8.45 times sales.
1 comment:
I think that we still have some hopes and one bad thing. For you, anyway, the presidental election is coming and the two democrats are still major topics even in Korea. And for me, although the liberal parties lost the previous presedential election, the general election is coming. Besides, the popularity of the new president is still falling to the bottom. (I don't hope it will hit the bottom.)
And the one bad thing is, despite my political view, I can't vote for the democrats because I'm not an American. lol.
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