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Audacity of Truth
Gaffetastic:
Vice President Joe Biden had his “oops” moment Wednesday speaking in a 49er-crazed SF when he told a crowd at a city political fundraiser that “the Giants are on their way to the Super Bowl.” - SF Chronicle, 1-18-12
Don’t ever complain to me about the money spent on Iraq, again
For years -years!- under George W. Bush, the Democrats and their Leftist allies cried rivers of crocodile tears over the money being spent to first liberate, then stabilize that land. They claimed so often and so loudly to be worried about the debts incurred and the deficits run, that they convinced the electorate that they would actually be better stewards of the public’s money, and partly for that were given control of Congress in 2006.
Well, have a look at this:
In less than two years, the Democrats have made spending on the war in Iraq look like pocket change:
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.
That’s $709 billion spread over seven years, compared to $862 billion in one-third the time.
In return for our money*, in Iraq we overthrew a brutal, murderous dictator and helped establish what has a good chance to become the first stable Arab democracy ever in the heart of the Middle East, a nation that could, with luck, patience, and skill, become a strong ally against terrorism and the plans of the religious fascists in Tehran. We also crushed al Qaeda in Iraq, forcing it to waste lives and resources there, and exposing its brutality for all the Arab world to see.
In return for the stimulus package, we got… unemployment higher than promised and that may turn structural, a feeble economic “recovery” that threatens to go into another recession, mind-boggling deficits and debt to foreign powers, and, by admission from the President’s own economic adviser, a failure.
You tell me which money was better spent.
And I don’t ever again want to hear a (Social) Democrat complain about the costs of “Bush’s war,” or about fiscal responsibility in general.
*(No, I am not discounting or monetizing the lives lost in Iraq. Any casualties in war are tragedies, however necessary. But this discussion is strictly about the money spent and the Democrats’ rank hypocrisy when they posed as champions of fiscal responsibility.)
via Fausta.
(Crossposted at Public Secrets)
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Phineus, Phineus, Phineus. The last fiscally responsible Democrat was, uh, uh…
Wait. There never has been a truly fiscally responsible jackass.
Sorry.
I love that graph, when I saw it I threw it up there also, will I see Brian Williams ever asking the President about that. Love your website, btw.
The mewlings of a mass of bed wetters. The media’s foundation of political science.
I might just use this as my concluding power point slide for work. Then make a statement like “oh, how did that get in there?, damn!!!11!!”
Now, Now we can’t allow fact to destroy their lovely liberal fantasy! When I saw this chart it became clear to me that that are more people who are aware of this and yet promote the Obama
spending plans! And my question is, What’s in it for them?
We all know..quid pro quo….there’s money in the freezer congressman/woman….of course it’s for your state.
If the reps had any brains they would use this chart in a tv ad.
It isn’t the fact that we are at war that is the problem – it is that our objectives fly in the face of reality:
Nation-building in Muslim countries = EPIC FAIL
More stimulus ???
Another reason for us to anticipate incessant double digit unemployment in America
Explaining the reason for the Czech Republic’s economic slump in the mid-90′s, then-President Vaclav Havel postulated that it was a “punishment for pride“:
The government has embraced an arrogant ideology. They claim to know the key to prosperity. It’s analogous to communism. They thought the same thing. The clever ones – themselves – would run everything. That's the analogy. The key to prosperity is to let things run themselves. We'll liberalize everything, let everyone look after himself, let business, not the state, run the economy. The state should have no views, no policies of its own. Just open it all up, step back, let it go and you'll see how well everything will work if we just leave things alone.
Neo – great, relevant quote.
Havel must’ve been a Reagan man. :)
Put away that racist chart, you teabagger! I’m reporting you for hate crimes! We don’t want any of your hateful facts around here. So just go back to that wacko fringe of yours, and no BS about this being a free country!
Maybe it is now, but that’s only due to extremists like you misinterpreting the Constitution.
You sir, are worse than Hitler!!!!11!!!eleventy!!!
After the slashing and burning that the administration did with the Chrysler bondholders, no business wanted to be in the situation that over took Chrysler .. too little demand, too much supply.
Obama instilled fear into the investment community and the corporate staffs, instead of trying to ride it out, took immediate defense measures to reduce inventory by cutting jobs. Better to disappoint Wall Street analysts and live to see a better day than risk being “sliced & diced” by the yahoos in the White House.
Bottomline, the roughshod manner the administration dealt with economic challenges made matters worse.
Even now, Romer said, mystery persists. “To this day, economists don’t fully understand why firms cut production as much as they did or why they cut labor so much more than they normally would.” Her defense was that “almost all analysts were surprised by the violent reaction.”
Maybe she should talk to a real economist, like Thomas Sowell, or take a class from a real economist, like Walter Williams.
But why would I expect anyone associated with this admin (or any jackass in general, as far as that goes) to try to find a basis for one’s reality in fact? That’s just not part of a jackass’ existence.
Romer would probably be perplexed that if she beat up a person every day for a week, that person would flinch away from her approach.
Just one of those unfathomable mysteries, like why water is wet or why pain hurts or why ducks can’t tap dance.
Okay, MOST ducks. No need to be so anal. I’m still waiting for that government grant to study the Terpsichorean Proclivities of Migratory Waterfowl. Got the charts drawn up and the conclusion already printed, just need some more money.