Thursday, January 6, 2011

YOU MIGHT WANT TO KNOW THE FACTS














The next time some Obamanut says to you that we could afford everything under the sun if it weren't for the Iraq War and George Bush, you can show them this chart. The article attached is from a Washington Examiner Staff Writer who shares Randel Hoven's information from American Thinker. The article was posted in August, 2010, however, I just discovered it. The information below will give you the perspective you need to know when considering just who is responsible for raising the debt beyond the ceiling. Suffice it to say that the Iraq War, while not cheap or desirable, is not the major reason we are in the pickle we are in right now.

* 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://washingtonexaminer.com/blogs/beltway-confidential/little-known-fact-obama039s-failed-stimulus-program-cost-more-iraq-war#ixzz1AHAZ1R2g

Social engineering is the reason we are in trouble. Anti-Constitutional policies are the reason we are in trouble. Progressive / Communistic politicians are the reason we are in trouble. Affirmative action, Social Security, Medicare and Medicaid and the Prescription Drug Bill, housing subsidies, all socialistic programs are the reason we are in trouble. Corruption is the reason we are in trouble.

In short, there are a lot of reasons we are in over our heads, but the Iraq War is hardly the main reason for our excessive debt....not even close. Creating a dependent society is exactly what Progressives want. And when it collapses they have the excuse to create State Capitalism, which is just another fancy name for elitists running the table in their own favor.

"Just the facts, maam," as Sgt. Joe Friday used to say.

Hat tip to: ">The People's Cube


2 comments:

  1. Outstanding post! I'm saving this because I know I can use it as a reference in the future.

    Thanks.

    ReplyDelete
  2. Thanks, Jim. I was glad to find this information, too. It's always good to find some real facts, since the media these days is so good at twisting and hiding the truth.

    Cheers...

    ReplyDelete