Tuesday, August 24, 2010

Obama's Stimulus Costs More than Iraq War - Much More than Iraq War!

Mark Tapscott at the Washington Examiner quotes an American Thinker article by Randall Hoven. Obama's failed Stimulus spending cost more than the Iraq war. I was amazed at this for a couple of reasons - one being that I thought the Iraq war was the biggest expenditure known in the history of the modern world, but apparently not.

Stimulus Costs More than Iraq War

Hoven quotes elitists saying the Iraq War cost $3 trillion. The CBO tells Hoven the entire cost is $709 billion. I don't about you, but I feel much better now. I can think of several who are near and dear to me whom I will assault with these figures - gleefully, and often.

Here's a handy stat: the stimulus bill passed in Obama's first month in office costs 15% more than the entire Iraq War. Repeating, 15% MORE THAN THE ENTIRE IRAQ WAR.
* 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.)
How many times can we repeat this between now and midnight November 1st? Read Randall Hoven's Iraq: The War That Bros Us -- Not, it's a handy piece to bookmark.

posted by Maggie @ Maggie's Notebook


Chicago Ray said...

Jeez Maggie are you ghost writing the whole blogosphere this week?

Yea it did cost much more and the liberals have no argument for this except "You know what".

WomanHonorThyself said...

great work ..the stats are amazing!