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Author Topic: Little-known fact: Obama's failed stimulus program cost more than the Iraq war  (Read 2235 times)

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Offline bijou

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Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« on: August 24, 2010, 10:32:50 AM »
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...But there is much more to be said of this data and Hoven does an admirable job of summarizing the highlights of such an analysis:

* 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.)
Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Little-known-fact-Obamas-failed-stimulus-program-cost-more-than-the-Iraq-war-101302919.html#ixzz0xXPSXL1n
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Offline Chris_

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Re: Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« Reply #1 on: August 24, 2010, 10:57:04 AM »
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* Iraq War spending accounted for just 3.2% of all federal spending while it lasted.
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Offline thundley4

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Re: Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« Reply #2 on: August 24, 2010, 11:19:12 AM »
Quote from: chris_ on August 24, 2010, 10:57:04 AM


Wow, that sure is some big jump starting in 2008. I wonder what happened? :innocent:
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Offline Chris_

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Re: Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« Reply #3 on: August 24, 2010, 11:20:39 AM »
Quote from: thundley4 on August 24, 2010, 11:19:12 AM
Wow, that sure is some big jump starting in 2008. I wonder what happened? :innocent:

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If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline bijou

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Re: Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« Reply #4 on: August 24, 2010, 11:24:38 AM »
Quote from: thundley4 on August 24, 2010, 11:19:12 AM
Wow, that sure is some big jump starting in 2008. I wonder what happened? :innocent:
I can't imagine, it's as if you'd elected some insane, fiscally incontinent socialist as President.  :uhsure:
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Offline JohnnyReb

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Re: Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« Reply #5 on: August 24, 2010, 11:32:22 AM »
Quote from: chris_ on August 24, 2010, 11:20:39 AM


There's the reason for the jump....the children were turned loose in the toy store.
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Offline IassaFTots

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Re: Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« Reply #6 on: August 24, 2010, 12:30:30 PM »
Quote from: bijou on August 24, 2010, 11:24:38 AM
I can't imagine, it's as if you'd elected some insane, fiscally incontinent socialist as President.  :uhsure:


 :lmao: :lmao: :lmao: :lmao: :lmao: :lmao:

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Offline true_blood

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Re: Little-known fact: Obama's failed stimulus program cost more than the Iraq war
« Reply #7 on: August 24, 2010, 01:48:09 PM »
Quote from: chris_ on August 24, 2010, 11:20:39 AM


My God!! Someone get those kids away from Skeletor!!! lol
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