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Which cost more money?
- Iraq war spending between 2003-2008 or Federal spending on Education?
- Iraq war spending between 2003 and today or Medicare spending?
- Iraq war spending between 2003 and today or Obama's passed stimulus bill?
If didn't pick the Iraq war at all, you'd be correct.
The CBO spending tally for the Iraq war is $709 billion from 2003 to 2010. (See the link, Page 14 - add up Iraq. It comes to $709 billion). Not a drop in the bucket by any means but also not $3 Trillion like the Washington Post claimed, not the $3 Trillion claimed by Financial Times.
As Hoven at American Thinker puts it:
Glad the Government's own accounting can make the financial facts clear. As the article states - remember this the next time claims that Iraq cost 3 Trillion dollars comes up. The cost to our military however, was more costly than the CBO or I am willing to calculate.
- Iraq war spending between 2003-2008 or Federal spending on Education?
- Iraq war spending between 2003 and today or Medicare spending?
- Iraq war spending between 2003 and today or Obama's passed stimulus bill?
If didn't pick the Iraq war at all, you'd be correct.
The CBO spending tally for the Iraq war is $709 billion from 2003 to 2010. (See the link, Page 14 - add up Iraq. It comes to $709 billion). Not a drop in the bucket by any means but also not $3 Trillion like the Washington Post claimed, not the $3 Trillion claimed by Financial Times.
As Hoven at American Thinker puts it:
American Thinker said:No one will say that $709 billion is not a lot of money. But first, that was spread over eight years. Secondly, let's put that in some perspective. Below are some figures for those eight years, 2003 through 2010.
* Total federal outlays: $22,296 billion.
* Cumulative deficit: $4,731 billion.
* Medicare spending: $2,932 billion.
* Iraq War spending: $709 billion.
* The Obama stimulus: $572 billion.
There is an important note to go along with that Obama stimulus number: the stimulus did not even start until 2009. By 2019, the CBO estimates the stimulus will have cost $814 billion.
...
So the following are facts, based on the government's own figures.
* 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.)
Glad the Government's own accounting can make the financial facts clear. As the article states - remember this the next time claims that Iraq cost 3 Trillion dollars comes up. The cost to our military however, was more costly than the CBO or I am willing to calculate.