Monday, August 30, 2010

FYI....this just in... War is cheaper than economic recovery!

This just in! News Flash! The Congressional Budget office has determined? That the wars in Iraq and Afghanistan over the last seven years, have cost less than Barack Obama's stimulus plan of 2009. The same stimulus plan that hasn't worked, doesn't work and (by the way) won't work. Must be Bush's fault........

 Eight Years of Iraq War Cost Less Than Stimulus Act

As President Obama prepares to tie a bow on U.S. combat operations in Iraq, Congressional Budget Office numbers show that the total cost of the eight-year war was less than the stimulus bill passed by the Democratic-led Congress in 2009.

According to CBO numbers in its Budget and Economic Outlook published this month, the cost of Operation Iraqi Freedom was $709 billion for military and related activities, including training of Iraqi forces and diplomatic operations.
The projected cost of the stimulus, which passed in February 2009, and is expected to have a shelf life of two years, was $862 billion. 
The U.S. deficit for fiscal year 2010 is expected to be $1.3 trillion, according to CBO. That compares to a 2007 deficit of $160.7 billion and a 2008 deficit of $458.6 billion, according to data provided by the U.S. Office of Management and Budget.

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