.7% of 13 trillion = 91 000 000 000
Per the CIA Factbook for 2007 (https://www.cia.gov/library/publications/the-world-factbook/print/us.html)
US GDP = $13.86 Trillion
multiply by .007 = $97,020,000,000
multiply by 13 years = $1,261,260,000,000,000
>>multiply by 13 years<<
I missed the part about this being over 13 years.
>>multiply by 13 years = $1,261,260,000,000,000<<
Agreed.
Which makes the GOP’s numbers odd.
>>Some of the politicians on Capitol Hill regularly and sometimes secretly attach costly “earmarks” to bills to benefit special interests. Since Senator John McCain says he wants to eliminate those earmarks, he should start with the Barack Obama bill, the Global Poverty Act (S. 2344), which itself is a vastly expanded form of earmark. It commits the U.S. to spending $845 billion to eradicate poverty in the rest of the world. McCain could vote on the bill fairly soon because it could come up for a full Senate vote at any time. Where does he stand on it?<<
Maybe they are figuring an Obama administration will decrease the GDP by a third.
http://www.gopusa.com/commentary/ckincaid/2008/ck_0221p.shtml
http://www.freerepublic.com/focus/f-news/1974711/posts