Given that the overall defense budget is now double what it was when Bush’s father presided over the end of the Cold War, at a time when we don’t have a militarily sophisticated enemy in sight, you have to wonder how this president has managed to exceed Cold War spending levels. What has he gotten for the trillions wasted? NOTHING!
When it comes to capturing bin Laden, bringing democracy to Iraq, or preventing oil prices from tripling and enriching the ayatollahs of Iran while messing up the American economy.Or is it the $3.5 trillion figure cited by Ron Paul, whose concern about the true cost of this war for ordinary Americans shames the leading Democrats, who prattle on about needed domestic programs that will never find funding because of future war-related government debt.
What can you get for a trillion bucks? Or make that $1.6 trillion, if you take the cost of the Iraq and Afghanistan wars as tallied by the majority staff of Congress’ Joint Economic Committee (JEC).
As Paul points out, for what the Iraq war costs, we could present each family of four a check for $46,000 ! How damning that it takes a libertarian Republican to remind the leading Democratic candidates of the opportunity costs of the Iraq war that most Democrats in Congress had voted for.
For example, Bush just asked for an additional $191 billion in supplementary aid for his wars, which is $55 billion more than the total spent by the U.S. government last year on all of America’s infrastructure repairs, the National Institutes of Health, college tuition assistance and the SCHIP program to provide health insurance to kids who don’t have any.
.” Until the leading Democratic candidate faces up to the irreparable harm that the red-ink spending she authorized will do to needed social programs over the next decades, I will be cheering for the libertarian Republican. At least he won’t throw more money down some foreign rat hole.