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.)
Read more at the Washington Examiner
Showing posts with label Iraq War. Show all posts
Showing posts with label Iraq War. Show all posts
Wednesday, September 1, 2010
PRESIDENT BARACK OBAMA CLAIMS CREDITON IRAQ WAR
From Donald Douglas' AMERICAN POWER
For all of the socialism and Islamist-appeasement of this administration, the one thing that has bothered me the most about this president (and candidate in 2007-08) is his screechingly perverse antiwar ideology and opportunism. Barack Obama was the most antiwar Senator in Congress throughout 2007 and in 2008 he tried to play both sides of the fence: After opposing the surge he then turned around and hailed its success, while insisting once more that the war was wrong . . .
. . . read it all here.
.
For all of the socialism and Islamist-appeasement of this administration, the one thing that has bothered me the most about this president (and candidate in 2007-08) is his screechingly perverse antiwar ideology and opportunism. Barack Obama was the most antiwar Senator in Congress throughout 2007 and in 2008 he tried to play both sides of the fence: After opposing the surge he then turned around and hailed its success, while insisting once more that the war was wrong . . .
. . . read it all here.
.
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