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CBO Says Eight Years Of Iraq War Cheaper Than Stimulus

August 31, 2010
By
Fox News and NY Post graphs respectively…
Say what you want about the Iraq War – how it began, how efficiently it was managed, nation-building in the aftermath, prospects for the future of Iraq, ouster of a malicious dictator, etc…. eight years of it have now proven less costly than President Obama and a Liberal Democrat Congress’s stimulus?  That’s what the CBO is reporting.
Fox News:
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.

READ MORE AT CONSERVATIVE HIDEOUT 2.0


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3 Responses to CBO Says Eight Years Of Iraq War Cheaper Than Stimulus

  1. Matt on August 31, 2010 at 9:24 pm

    You beat me to this one sir. So, if I get around to finishing my post on this, I’ll have to link to yours! :D

  2. T. CHRISTOPHER on August 31, 2010 at 11:03 pm

    I can’t say that I really wrote much on the matter, so I have no doubt that Conservative Hideout 2.0 can do fleshing out. Look forward to it.

  3. [...] Related Post: Republican Redefined [...]

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