Monday, August 23, 2010

Graphic of the day

"It was under Mr Bush that the deficit spiralled out of control as we fought an unnecessary and endless $3,000bn war in Iraq..."
- James Carville, the Financial Times.




Once upon a time, it was cool and even factually correct to say that the Iraq war was a significant contributor to the federal budget deficits... but my oh my how times, congresses and administrations change.

Exit question: Would it now be cool and even factually correct to say that the Iraq war is/was budgetarily insignificant?

Puts current domestic spending in a whole new light, now doesn't it?

2 comments:

Harrison said...

This is a great graphic. While a lot of that money went outside, some of it did get recycled as far as being spent on American arms companies, outsourcing, etc.

B-Daddy said...

Awesome graphic and very unfair, using facts and all to deflate lefty talking points.