Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Monday, August 23, 2010

FYI-not Bush's fault when your spending outpaces the TOTAL cost of the Iraq war.

No matter how much the Dems like to refute their responsibility in the ever-growing deficit-always blaming Bush and his ways-sometimes you just can't hide the truth. This week the CBO released a report showing just how little impact the Iraq war has actually had on spending.

Since the Dems love going to the CBO for everything, lets just a take a closer look at that report.

* 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.)

In what can only be described as shocking, to those who have been asleep or under a rock for the last year, it is made clear by this report that the problem is spending by this Administration, not some failure of previous Administrations.