Tuesday, November 13, 2007

Entitlement spending since 2002 cost family of 4 $146,300

The AP has a story reporting on a partisan "study" done by the Democrats which states that the 7 year cost of the Iraq and Afghanistan wars from 2002 to 2007 will cost a family of four $20,900. This is based on the assumption that the wars together cost a total of $1.6 trillion.

Of course, during this time the nation has directly spend over $7 trillion on entitlement spending with no effect on poverty rates among children or working age adults. Why aren't the Democrats harking about that amount? Using their "math" - remember, this is the same math - remember, this is the same math which states that 50% of taxpayers paying 3% of federal income taxes is unfairly high - entitlement spending over the same period of time costs that family $146,300. Of course, this $7 trillion for entitlement is actually spending and not some trumped up number which assumes it is accountable for 100% of the budget deficit or other mysterious hidden costs that apparently you need to be a Liberal Elite to see.

I'm not going to even mention that they're now apparently considering that the war in Afghanistan is not worth funding.

Dems: U.S. wars cost family of 4 $20,900
Detroit News

WASHINGTON - The economic costs of the wars in Iraq and Afghanistan are estimated to total $1.6 trillion - roughly double the amount the White House has requested thus far, according to a new report by Democrats on Congress' Joint Economic Committee.

The report, released Tuesday, attempted to put a price tag on the two conflicts, including hidden costs such as interest payments on money borrowed to pay for the wars, lost investment, the expense of long-term health care required for injured veterans and the cost of oil market disruptions.

The $1.6 trillion figure, for the period from 2002 to 2008, translates into a cost of $20,900 for a family of four, the report said. The Bush administration has requested $804 billion for the Iraq and Afghanistan wars combined, the report stated.

For the Iraq war only, total economic costs were estimated at $1.3 trillion for the period from 2002 to 2008. That would costs a family of four $16,500, the report said.

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