24 August, 2010

War on the Cheap

According to Mark Tapscott at the Washington Examiner, and according to CBO numbers, the entire War in Iraq cost US Taxpayers about $709 Billion. A lot of money to be sure, to say nothing of the blood spilled. But still... that was over seven years, and is dwarfed by the trillions of dollars that the Obama administration paid in its (now pretty much acknowledged by everyone to have failed) stimulus plan.

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Some other statistics quoted in the article:

"* 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.)"

Source:
Little-known fact: Obama's failed stimulus program cost more than the Iraq war, by Mark Tapscott (Washington Examiner)
Iraq: The War That Broke Us -- Not, by Randall Hoven (The American Thinker)

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