There is a new report out by the Congressional Budget Office that shows that the cost of the Iraq War rose sharply in 2007. This is from the Reuters article:
War funding, which averaged about $93 billion a year from 2003 through 2005, rose to $120 billion in 2006 and $171 billion in 2007 and President George W. Bush has asked for $193 billion in 2008, the nonpartisan office wrote.
The cost of this war is not being borne by Americans in the form of tax increases or cutbacks in government spending. Bush and his Republican allies in Congress have ruled out tax increases. It is being financed by borrowing and passing the cost on to future generations of taxpayers. When George W. Bush took office, the country was running a surplus, now it is running a deficit projected this year to reach 250 billion dollars.
Meanswhile the Federal Debt has gone from around four trillion dollars to over 9 trillion dollars. A lot of this is owned by foreign entities which are controlled by foreign governments, like the Chinese.
None of this seems to worry "Bubble-Boy" and his Republican allies since they think that they won't pay any political price for supporting these idiotic policies. Let's try to disabuse them of this notion in November.
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Our President outsourced the war to lawless mercenaries who raised a stink in the world’s nose, and lost us most of the friends we used to have. These and all the support contractors are costing us Trillions (with a ‘T”). Focusing on foreign wars meant Bush was not watching the domestic economy, and it has spiraled out of control. We need a leader who can put the country back together.
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