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Wednesday, August 25, 2010

Obama Stimulus: $787 Billion-- Total Cost of Iraqi War $709 Billion


So the stimulus cost more than the entire Iraqi War...

Check out this Washington Examiner op/ed by Mark Tapscott (h/t Instapundit):

"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[.]"

And what did the stimulus accomplish again? Oh right, it kept unemployment under 8%-- wait, no it didn't. It "saved" millions of jobs, or so Obama, Pelosi, Reid keep desperately repeating. I suppose that they want us to believe that without it, unemployment would be hovering around 25% or there about, and all because of Bush and Cheney and greed... or something.

Here's some other facts from the CBO report via Tapscott quoting Randall Hoven:

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.

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.)

And those numbers are simply from the "stimulus." This does not count the $1 trillion+ costs from ObamaCare, nor any other government programs that Obama et al have been pushing or have already passed.

Don't worry though, Obama and the Dems will fix it all by blaming Bush and Cheney. Now don't thank them all at once.

1 comment:

  1. And here's the rub, war is in the jurisdiction of the federal government, "stimulus" is not.

    ReplyDelete