Charles_Main
AR15 Owner
So the other day I was talking politics with a friend. We got on the subject of how much the Deficit has increased under Obama.
He pulled out the lefts favorite line about Bush keeping the Iraq was off Budget. He then said that the war was costing 700 Billion a year and if that had been on bushes last Budget he would have ran a 1.2 Trillion dollar Deficit.
It took a lot of arguing to explain to him that according to the CBO the way in Iraq has cost a total of 1 Trillion dollars OVER 10 Years. Which amounts to 100 Billion a year not 700 Billion. The 700 Billion number he was referring to is actually just the estimated amount the war had cost up until the point that Bush left office. In total, not per YEAR!
meaning that if Bush had kept the war on Budget it would have increased his last deficit to 550 Billion still less than half the amount of Obama's first deficit and second, and all his projected Deficits for the next 10 years.
I blame the Media for the level of misinformation and Ignorance about the Deficit,how much it has increased, and how much War had to do with it.
He pulled out the lefts favorite line about Bush keeping the Iraq was off Budget. He then said that the war was costing 700 Billion a year and if that had been on bushes last Budget he would have ran a 1.2 Trillion dollar Deficit.
It took a lot of arguing to explain to him that according to the CBO the way in Iraq has cost a total of 1 Trillion dollars OVER 10 Years. Which amounts to 100 Billion a year not 700 Billion. The 700 Billion number he was referring to is actually just the estimated amount the war had cost up until the point that Bush left office. In total, not per YEAR!
meaning that if Bush had kept the war on Budget it would have increased his last deficit to 550 Billion still less than half the amount of Obama's first deficit and second, and all his projected Deficits for the next 10 years.
I blame the Media for the level of misinformation and Ignorance about the Deficit,how much it has increased, and how much War had to do with it.
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