Green Energy
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There is no way ANYONE can spin this as being actually a good thing by looking at the big picture. Like the Repub idiot on Fox right now saying Boehner has reversed the spending ship in the long run. America does not have time to wait for the long run...
- Democratic Appointee -cbo Director Douglas W. Elmendorf : The National Unemployment Rate At An Average Of 10 Percent Throughout Fiscal 2011 !!!!!!!!!!!!!
Let me guess...you haven't heard this testimony reported, right? Wash Times: By Donald Lambro If President Obama thinks the political earthquake that hit his party last month in Massachusetts was bad, he had better read the Congressional...
- The Sins Of The Government Fathers Should Be Visited Upon The Sons, Even Unto The Fifth Generation
or something like that. . . Newsmax: Obama: U.S. Must Spend Itself Out of Recession Tuesday, December 8, 2009 10:51 AM WASHINGTON – President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must...
- Washington Post Lead Editorial: Time To Dump Obamacare
The other day, the lead editorial at the Washington Post took Yale to task for publishing a book on the Mohammed Cartoon controversy which redacted the actual cartoons themselves. Today, for the second time in just a matter of days, I find the lead editorial...
- How Much Money Is This War Costing Us?
Not as much as most of us think it is: ... an analysis that shows military spending as a historically low percentage of GDP, demonstrating how entitlements have outpaced defense allocations from the Lyndon Johnson era to the present. I recently had the...
Green Energy
Fox News:
CBO: 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.
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.
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.
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There is no way ANYONE can spin this as being actually a good thing by looking at the big picture. Like the Repub idiot on Fox right now saying Boehner has reversed the spending ship in the long run. America does not have time to wait for the long run...
- Democratic Appointee -cbo Director Douglas W. Elmendorf : The National Unemployment Rate At An Average Of 10 Percent Throughout Fiscal 2011 !!!!!!!!!!!!!
Let me guess...you haven't heard this testimony reported, right? Wash Times: By Donald Lambro If President Obama thinks the political earthquake that hit his party last month in Massachusetts was bad, he had better read the Congressional...
- The Sins Of The Government Fathers Should Be Visited Upon The Sons, Even Unto The Fifth Generation
or something like that. . . Newsmax: Obama: U.S. Must Spend Itself Out of Recession Tuesday, December 8, 2009 10:51 AM WASHINGTON – President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must...
- Washington Post Lead Editorial: Time To Dump Obamacare
The other day, the lead editorial at the Washington Post took Yale to task for publishing a book on the Mohammed Cartoon controversy which redacted the actual cartoons themselves. Today, for the second time in just a matter of days, I find the lead editorial...
- How Much Money Is This War Costing Us?
Not as much as most of us think it is: ... an analysis that shows military spending as a historically low percentage of GDP, demonstrating how entitlements have outpaced defense allocations from the Lyndon Johnson era to the present. I recently had the...