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Old 08-24-2010, 05:40 AM  
HonestChieffan HonestChieffan is online now
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Interesting perspective.

Little-known fact: Obama's failed stimulus program cost more than the Iraq war
By: Mark Tapscott
Editorial Page Editor
08/23/10 11:32 AM EDT
Expect to hear a lot about how much the Iraq war cost in the days ahead from Democrats worried about voter wrath against their unprecedented spending excesses.
The meme is simple: The economy is in a shambles because of Bush's economic policies and his war in Iraq. As American Thinker's Randall Hoven points out, that's the message being peddled by lefties as diverse as former Clinton political strategist James Carville, economist Joseph Stiglitz, and The Nation's Washington editor, Christopher Hayes.
The key point in the mantra is an alleged $3 trillion cost for the war. Well, it was expensive to be sure, in both blood and treasure, but, as Hoven notes, the CBO puts the total cost at $709 billion. To put that figure in the proper context of overall spending since the war began in 2003, Hoven provides this handy CBO chart showing the portion of the annual deficit attributable to the conflict:

But there is much more to be said of this data and Hoven does an admirable job of summarizing the highlights of such an analysis:
* Obama's stimulus, passed in his first month in office, will cost more than the entire Iraq War -- more than $100 billion (15%) more.
* Just the first two years of Obama's stimulus cost more than the entire cost of the Iraq War under President Bush, or six years of that war.
* Iraq War spending accounted for just 3.2% of all federal spending while it lasted.
* Iraq War spending was not even one quarter of what we spent on Medicare in the same time frame.
* Iraq War spending was not even 15% of the total deficit spending in that time frame. The cumulative deficit, 2003-2010, would have been four-point-something trillion dollars with or without the Iraq War.
* The Iraq War accounts for less than 8% of the federal debt held by the public at the end of 2010 ($9.031 trillion).
* During Bush's Iraq years, 2003-2008, the federal government spent more on education that it did on the Iraq War. (State and local governments spent about ten times more.)
Just some handy facts to recall during coming weeks as Obama and his congressional Democratic buddies get more desperate to put the blame for their spending policies on Bush and the war in Iraq. For more from Hoven, go here.


Read more at the Washington Examiner: http://www.washingtonexaminer.com/op...#ixzz0xWSyDAZl
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Old 08-24-2010, 06:00 AM   #2
InChiefsHell InChiefsHell is online now
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I like the graph provided:



My, that's quite a jump in 2009...what happened that year? Hmmmm...
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Old 08-24-2010, 08:04 AM   #3
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Originally Posted by InChiefsHell View Post
I like the graph provided:



My, that's quite a jump in 2009...what happened that year? Hmmmm...
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Where is the money coming from.....oh wait.
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Old 08-24-2010, 08:31 AM   #4
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JFC


Where is the money coming from.....oh wait.
Printing presses all over Washington are SMOKIN' baby!
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Old 08-24-2010, 08:41 AM   #5
Hog Farmer Hog Farmer is offline
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It's really sad to see the destruction of the most wonderful country in the world. People with ANY sense at all should have seen this guy that pops up from no where after 9/11 to actually be voted in by the majority of people for what he really is. the bad guys said we will destroy America from within. This is like a nightmare that we keep trying to wake up from but it's real. With all the muslims coming to America in record numbers , the drug Cartels killing everybody at the border and everyone in between living off the government , maybe the best thing for us is to just get nuked. My little girl is 10 now and I tremble with thoughts of what her adult life will be like in this country. Sad, it really is.
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Old 08-24-2010, 09:54 AM   #6
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