CBO: Eight Years of Iraq War Cost Less Than Stimulus Act

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    Oct 23, 2011 6:22 PM GMT
    http://www.foxnews.com/politics/2010/08/30/cbo-years-iraq-war-cost-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.

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

    "Relative to the size of the economy, this year's deficit is expected to be the second largest shortfall in the past 65 years; 9.1 percent of gross domestic product (GDP), exceeded only by last year's deficit of 9.9 percent of GDP," CBO wrote.

    The CBO figures show that the most expensive year of the Iraq war was in 2008, the year when the surge proposed by Gen. David Petraeus and approved by President Bush was in full swing and the turning point in the war. The total cost of Iraq operations in 2008 was $140 billion. In 2007, the cost of Iraq operations was $124 billion.

    According to an analysis by the American Thinker's Randall Hoven, the cost of the Iraq war from 2003-2008 -- when Bush was in office -- was $20 billion less than the cost of education spending and less than a quarter of the cost of Medicare spending during that same period.
  • dancedancekj

    Posts: 1761

    Oct 23, 2011 6:30 PM GMT
    riddler78 saidhttp://www.foxnews.com/politics/2010/08/30/cbo-years-iraq-war-cost-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.

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

    "Relative to the size of the economy, this year's deficit is expected to be the second largest shortfall in the past 65 years; 9.1 percent of gross domestic product (GDP), exceeded only by last year's deficit of 9.9 percent of GDP," CBO wrote.

    The CBO figures show that the most expensive year of the Iraq war was in 2008, the year when the surge proposed by Gen. David Petraeus and approved by President Bush was in full swing and the turning point in the war. The total cost of Iraq operations in 2008 was $140 billion. In 2007, the cost of Iraq operations was $124 billion.

    According to an analysis by the American Thinker's Randall Hoven, the cost of the Iraq war from 2003-2008 -- when Bush was in office -- was $20 billion less than the cost of education spending and less than a quarter of the cost of Medicare spending during that same period.



    Oh man, my emergency cardiac bypass surgery to save my life was super super expensive, and I used up my retirement and am struggling paycheck to paycheck to pay my $862,000 in medical bills. But you know what's awesome? My multiplex house with a 10,000 gallon aquarium, home theater, 800 foot walk-in closet, stripper pole, and golden elevator only cost me $709,000.
    Fucking medical establishment, taking all my money. We should occupy them, eh?
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    Oct 23, 2011 7:22 PM GMT
    dancedancekj said
    riddler78 saidhttp://www.foxnews.com/politics/2010/08/30/cbo-years-iraq-war-cost-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.

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

    "Relative to the size of the economy, this year's deficit is expected to be the second largest shortfall in the past 65 years; 9.1 percent of gross domestic product (GDP), exceeded only by last year's deficit of 9.9 percent of GDP," CBO wrote.

    The CBO figures show that the most expensive year of the Iraq war was in 2008, the year when the surge proposed by Gen. David Petraeus and approved by President Bush was in full swing and the turning point in the war. The total cost of Iraq operations in 2008 was $140 billion. In 2007, the cost of Iraq operations was $124 billion.

    According to an analysis by the American Thinker's Randall Hoven, the cost of the Iraq war from 2003-2008 -- when Bush was in office -- was $20 billion less than the cost of education spending and less than a quarter of the cost of Medicare spending during that same period.



    Oh man, my emergency cardiac bypass surgery to save my life was super super expensive, and I used up my retirement and am struggling paycheck to paycheck to pay my $862,000 in medical bills. But you know what's awesome? My multiplex house with a 10,000 gallon aquarium, home theater, 800 foot walk-in closet, stripper pole, and golden elevator only cost me $709,000.
    Fucking medical establishment, taking all my money. We should occupy them, eh?


    Don't forget the $1 million you're going to pay in school taxes, utilities, burial fees for your goldfish, hush money for the neighborhood mafia, replacement fees for your broken generator, and INTEREST on your mortgage.

    And those are the reasons I'm still renting.icon_lol.gif

    http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_WarThe most recent major report on these costs come from Brown University in the form of the Costs of War project, which said the total for wars in Iraq, Afghanistan, and Pakistan is at least $3.2-4 trillion.[1] The report disavowed previous estimates of the Iraq War's cost as being under $1 trillion, saying the Department of Defense's direct spending on Iraq totaled at least $757.8 billion, but also highlighting the complementary costs at home, such as interest paid on the funds borrowed to finance the wars and a potential nearly $1 trillion in extra spending to care for veterans returning from combat through 2050.[2]
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    Oct 23, 2011 7:34 PM GMT
    q1w2e3 said
    Don't forget the $1 million you're going to pay in school taxes, utilities, burial fees for your goldfish, hush money for the neighborhood mafia, replacement fees for your broken generator, and INTEREST on your mortgage.

    And those are the reasons I'm still renting.icon_lol.gif

    In actuality you are paying those FOR the landlord..
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    Oct 23, 2011 7:38 PM GMT
    TropicalMark said
    q1w2e3 said
    Don't forget the $1 million you're going to pay in school taxes, utilities, burial fees for your goldfish, hush money for the neighborhood mafia, replacement fees for your broken generator, and INTEREST on your mortgage.

    And those are the reasons I'm still renting.icon_lol.gif

    In actuality you are paying those FOR the landlord..


    That's not true! She's paying the mortgage interest and school taxes. (I might be supplementing her income to pay those, but technically I just pay the mafia fee and utilities) icon_lol.gif
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    Oct 23, 2011 8:51 PM GMT
    maybe so. We could also say the rest of humanity would be better off had neither expenditure taken place.
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    Oct 23, 2011 9:18 PM GMT
    I wonder how much the CBO has estimated for ongoing medical care and disability for approximately 25,000 wounded soldiers from Iraq, did they count the costs of rebuilding Iraq? Did they count the cost of recovering several billion dollars that is missing from fraud that the Bush Administration attempted to cover up ? We were fed the line that the OIL PROFITS would pay for a large share of the cost of the war, was all that 'profiteering' counted in ?

    Many unanswered questions on this one for sure.
  • GQjock

    Posts: 11649

    Oct 24, 2011 12:06 AM GMT
    CBO: Eight Years of Iraq War Cost Less Than Stimulus Act

    Mi ... Mi... Mi ... Mi Ahem icon_cool.gif

    And how much money went up in smoke in the Financial crisis?
    Poof ... Gone... Kablewy out in republican smoke ...

    2 Trillion dollars my friend ... with a T
    If that stimulus wasn't passed you think this economy sux? .... Without that stimulus we'd have defaulting cities by the thousands


    I'll trade you a clusterF**k of a war for a stimulus any day
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    Oct 24, 2011 3:46 AM GMT
    jw, how many human lives did the stimulus package "cost" v. the Iraqi war?
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    Oct 24, 2011 9:57 AM GMT
    notadumbjock saidjw, how many human lives did the stimulus package "cost" v. the Iraqi war?

    +1

    Thanks. As a former soldier I was hoping someone would make that comment, as I scrolled through the posts. Typical of Republicans to not care about the US lives lost ,more than 9/11 itself, and hundreds of thousands of Iraqis dead.
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    Oct 24, 2011 1:13 PM GMT
    Art_Deco said
    notadumbjock saidjw, how many human lives did the stimulus package "cost" v. the Iraqi war?

    +1

    Thanks. As a former soldier I was hoping someone would make that comment, as I scrolled through the posts. Typical of Republicans to not care about the US lives lost ,more than 9/11 itself, and hundreds of thousands of Iraqis dead.
    Dead soldiers give the GOP something to worship.. I know, I used to drink that koolaide.
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    Oct 24, 2011 2:11 PM GMT
    Context matters. I'm rather doubtful that if we had say Al Gore as President that the US would not have gone into Iraq - lest you forget:



    The point of the article was not to highlight the moral equivalence of either - but to point out the massive and failed stimulus spending in the context of the war. War spending has given cover for liberals from both parties to spend ad nauseum.
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    Oct 24, 2011 7:49 PM GMT
    http://www.politifact.com/truth-o-meter/statements/2010/aug/25/mark-tapscott/did-stimulus-cost-more-war-iraq/
    Barely true, a category now called mostly false.
  • dancedancekj

    Posts: 1761

    Oct 25, 2011 2:17 AM GMT
    Well, you brought up the point about the amount of money spent on both. If it really is liberal versus conservative, why not have the pet parties of both? Let's see how much money was spent defending NOM, DADT, anti-abortion, anti-planned parenthood, and other ridiculous craptastic legislation the GOP has been passing.

    Don't try and compare apples to oranges and pretend they're in any way relevant or equivalent.
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    Oct 26, 2011 7:06 PM GMT
    riddler78 saidThe point of the article was not to highlight the moral equivalence of either - but to point out the massive and failed stimulus spending in the context of the war. War spending has given cover for liberals from both parties to spend ad nauseum.


    what's it 2 u, a Canadian, how much my country spends, and on what?
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    Oct 26, 2011 7:12 PM GMT
    q1w2e3 saidhttp://www.politifact.com/truth-o-meter/statements/2010/aug/25/mark-tapscott/did-stimulus-cost-more-war-iraq/
    Barely true, a category now called mostly false.


    Obama has had more stimulus than what was passed in his first month in Congress and has certainly spent more than previous governments - I think it will be pretty much all of them combined soon. The deficit for that year was certainly more than all the previous years of Iraq War spending.
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    Oct 26, 2011 7:16 PM GMT
    notadumbjock said
    riddler78 saidThe point of the article was not to highlight the moral equivalence of either - but to point out the massive and failed stimulus spending in the context of the war. War spending has given cover for liberals from both parties to spend ad nauseum.


    what's it 2 u, a Canadian, how much my country spends, and on what?


    Because it also affects me since my businesses have to pay taxes in both the US and Canada and the US economy really affects both Canada, the world and specifically me. Do you pay taxes?
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    Oct 26, 2011 7:28 PM GMT
    riddler78 said
    notadumbjock said
    riddler78 saidThe point of the article was not to highlight the moral equivalence of either - but to point out the massive and failed stimulus spending in the context of the war. War spending has given cover for liberals from both parties to spend ad nauseum.


    what's it 2 u, a Canadian, how much my country spends, and on what?


    Because it also affects me since my businesses have to pay taxes in both the US and Canada and the US economy really affects both Canada, the world and specifically me. Do you pay taxes?


    as i said b4, ur not a US citizen, stay out of our politics.
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    Oct 26, 2011 7:30 PM GMT
    notadumbjock said
    riddler78 said
    notadumbjock said
    riddler78 saidThe point of the article was not to highlight the moral equivalence of either - but to point out the massive and failed stimulus spending in the context of the war. War spending has given cover for liberals from both parties to spend ad nauseum.


    what's it 2 u, a Canadian, how much my country spends, and on what?


    Because it also affects me since my businesses have to pay taxes in both the US and Canada and the US economy really affects both Canada, the world and specifically me. Do you pay taxes?


    as i said b4, ur not a US citizen, stay out of our politics.


    As I asked you before - do you have the same standard for the OWS organizers? Do you enjoy being a hypocrite or does it come naturally? Do you even pay taxes?
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    Oct 26, 2011 7:37 PM GMT
    riddler78 said
    notadumbjock said
    riddler78 said
    notadumbjock said
    riddler78 saidThe point of the article was not to highlight the moral equivalence of either - but to point out the massive and failed stimulus spending in the context of the war. War spending has given cover for liberals from both parties to spend ad nauseum.


    what's it 2 u, a Canadian, how much my country spends, and on what?


    Because it also affects me since my businesses have to pay taxes in both the US and Canada and the US economy really affects both Canada, the world and specifically me. Do you pay taxes?


    as i said b4, ur not a US citizen, stay out of our politics.


    As I asked you before - do you have the same standard for the OWS organizers? Do you enjoy being a hypocrite or does it come naturally? Do you even pay taxes?


    i belong 2 the 30%.

    http://news.yahoo.com/blogs/lookout/poll-more-agree-disagree-occupy-wall-street-goals-141203055.html

    so, no i'm not a hypocrite, meddler.

    and yes, i do pay US taxes--everytime i fill up my gas tank. maybe u should ask a more specific question: do i pay income taxes on my earnings?
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    Oct 26, 2011 7:44 PM GMT
    notadumbjock saidi belong 2 the 30%.

    http://news.yahoo.com/blogs/lookout/poll-more-agree-disagree-occupy-wall-street-goals-141203055.html

    so, no i'm not a hypocrite, meddler.

    and yes, i do pay US taxes--everytime i fill up my gas tank. maybe u should ask a more specific question: do i pay income taxes on my earnings?


    It's sort of funny how much you are trying to be clever despite the chip on your shoulder the size of France. icon_wink.gif How does that not make you a hypocrite?
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    Oct 26, 2011 8:05 PM GMT
    riddler78 said
    notadumbjock saidi belong 2 the 30%.

    http://news.yahoo.com/blogs/lookout/poll-more-agree-disagree-occupy-wall-street-goals-141203055.html

    so, no i'm not a hypocrite, meddler.

    and yes, i do pay US taxes--everytime i fill up my gas tank. maybe u should ask a more specific question: do i pay income taxes on my earnings?


    It's sort of funny how much you are trying to be clever despite the chip on your shoulder the size of France. icon_wink.gif How does that not make you a hypocrite?


    from the Merriam-Webster dictionary:

    Definition of HYPOCRITE
    1: a person who puts on a false appearance of virtue or religion
    2: a person who acts in contradiction to his or her stated beliefs or feelings

    now how am i a hypocrite? i've consistently questioned ur meddling in US politics while not a US citizen.

    btw, i don't have 2 try being clever, i just am.
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    Oct 26, 2011 8:09 PM GMT
    Two fiscal disasters from two fiscally disastrous Presidents.

    Six in one hand, half a dozen in the other.
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    Oct 26, 2011 8:23 PM GMT
    q1w2e3 said
    dancedancekj said
    riddler78 saidhttp://www.foxnews.com/politics/2010/08/30/cbo-years-iraq-war-cost-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.

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

    "Relative to the size of the economy, this year's deficit is expected to be the second largest shortfall in the past 65 years; 9.1 percent of gross domestic product (GDP), exceeded only by last year's deficit of 9.9 percent of GDP," CBO wrote.

    The CBO figures show that the most expensive year of the Iraq war was in 2008, the year when the surge proposed by Gen. David Petraeus and approved by President Bush was in full swing and the turning point in the war. The total cost of Iraq operations in 2008 was $140 billion. In 2007, the cost of Iraq operations was $124 billion.

    According to an analysis by the American Thinker's Randall Hoven, the cost of the Iraq war from 2003-2008 -- when Bush was in office -- was $20 billion less than the cost of education spending and less than a quarter of the cost of Medicare spending during that same period.



    Oh man, my emergency cardiac bypass surgery to save my life was super super expensive, and I used up my retirement and am struggling paycheck to paycheck to pay my $862,000 in medical bills. But you know what's awesome? My multiplex house with a 10,000 gallon aquarium, home theater, 800 foot walk-in closet, stripper pole, and golden elevator only cost me $709,000.
    Fucking medical establishment, taking all my money. We should occupy them, eh?


    Don't forget the $1 million you're going to pay in school taxes, utilities, burial fees for your goldfish, hush money for the neighborhood mafia, replacement fees for your broken generator, and INTEREST on your mortgage.

    And those are the reasons I'm still renting.icon_lol.gif

    http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_WarThe most recent major report on these costs come from Brown University in the form of the Costs of War project, which said the total for wars in Iraq, Afghanistan, and Pakistan is at least $3.2-4 trillion.[1] The report disavowed previous estimates of the Iraq War's cost as being under $1 trillion, saying the Department of Defense's direct spending on Iraq totaled at least $757.8 billion, but also highlighting the complementary costs at home, such as interest paid on the funds borrowed to finance the wars and a potential nearly $1 trillion in extra spending to care for veterans returning from combat through 2050.[2]


    You rent? Just wait 'till you have property taxes, you'll be bitchin' with the rest of us.
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    Oct 26, 2011 8:31 PM GMT
    mocktwinkie said
    q1w2e3 said
    dancedancekj said
    riddler78 saidhttp://www.foxnews.com/politics/2010/08/30/cbo-years-iraq-war-cost-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.

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

    "Relative to the size of the economy, this year's deficit is expected to be the second largest shortfall in the past 65 years; 9.1 percent of gross domestic product (GDP), exceeded only by last year's deficit of 9.9 percent of GDP," CBO wrote.

    The CBO figures show that the most expensive year of the Iraq war was in 2008, the year when the surge proposed by Gen. David Petraeus and approved by President Bush was in full swing and the turning point in the war. The total cost of Iraq operations in 2008 was $140 billion. In 2007, the cost of Iraq operations was $124 billion.

    According to an analysis by the American Thinker's Randall Hoven, the cost of the Iraq war from 2003-2008 -- when Bush was in office -- was $20 billion less than the cost of education spending and less than a quarter of the cost of Medicare spending during that same period.



    Oh man, my emergency cardiac bypass surgery to save my life was super super expensive, and I used up my retirement and am struggling paycheck to paycheck to pay my $862,000 in medical bills. But you know what's awesome? My multiplex house with a 10,000 gallon aquarium, home theater, 800 foot walk-in closet, stripper pole, and golden elevator only cost me $709,000.
    Fucking medical establishment, taking all my money. We should occupy them, eh?


    Don't forget the $1 million you're going to pay in school taxes, utilities, burial fees for your goldfish, hush money for the neighborhood mafia, replacement fees for your broken generator, and INTEREST on your mortgage.

    And those are the reasons I'm still renting.icon_lol.gif

    http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_WarThe most recent major report on these costs come from Brown University in the form of the Costs of War project, which said the total for wars in Iraq, Afghanistan, and Pakistan is at least $3.2-4 trillion.[1] The report disavowed previous estimates of the Iraq War's cost as being under $1 trillion, saying the Department of Defense's direct spending on Iraq totaled at least $757.8 billion, but also highlighting the complementary costs at home, such as interest paid on the funds borrowed to finance the wars and a potential nearly $1 trillion in extra spending to care for veterans returning from combat through 2050.[2]


    You rent? Just wait 'till you have property taxes, you'll be bitchin' with the rest of us.



    Mocktwinkie, you probably dont even own a home so dont be giving a lecture on property taxes. The rich are mostly the home owners and they could afford to pay more in property taxes.