Jump to content

Little-known fact: Obama's failed stimulus program cost more than the Iraq war


Geee

Recommended Posts

Little-known-fact-Obamas-failed-stimulus-program-cost-more-than-the-Iraq-war-101302919.html
Washington Examiner:

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:snip
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 1709330594
×
×
  • Create New...