- 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.)
Thursday, August 26, 2010
How much did the Iraq war contribute to the debt?
Randall Hoven cites the official government numbers to destroy the myth that Iraq war spending is what put us in so much debt. The whole thing is worth reading, but here are some highlights:
Posted by Freeven at -- 9:48 AM