Monday, August 23, 2010
Heartache: The True Cost Of The Iraq War
Just for grins, use the above chart to dissect Christopher Hayes' statement that our current and future deficits are caused by "three things: the ongoing wars in Afghanistan and Iraq, the Bush tax cuts and the recession."
Two of those three things -- the wars and tax cuts -- were in effect from 2003 through 2007. Do you see alarming deficits or trends from 2003 through 2007 in the above chart? No. In fact, the trend through 2007 is shrinking deficits. What you see is a significant upward tick in 2008, and then an explosion in 2009. Now, what might have happened between 2007 and 2008, and then 2009?
Democrats taking over both houses of Congress, and then the presidency, was what happened.
Other nuggets found in this revealing tale:
- 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.)
Of course the point is not that the Iraq war cost money. The point is that as usual, every Democrat and leftist media idiot is lying about its true cost at every opportunity. Just as they lie about everything else. Especially the Liar-in-Chief.