Monday, August 30, 2010

Total Costs of Iraq War Less Than Obama-Democrats' Economic Porkulus Package

At Fox News, "CBO: Eight Years of Iraq War Cost Less Than Stimulus Act":

Photobucket

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.

In 2007 and 2008, the deficit as a percentage of gross domestic product was 1.2 percent and 3.2 percent, respectively.
More at the link.

And how's that "stimulus" working out? Well, the worst is yet to come.

Image Credit: Michelle Malkin, "
Flashback: Taxpayer-designed porkulus signs."

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