Bam's spending spree

NY Post ^ | 08/30/10

[freespirited]

It was an $800 billion misadventure that will be wreaking havoc on the econ omy for years to come.

No, not the war in Iraq, where an American combat-troop presence officially comes to an end tomorrow.

We're talking about President Obama's economic-stimulus program.

Remember the stimulus? The miracle cure Obama said would boost the economy and save millions of jobs?

Well, the president's panacea turned out to be an $862 billion bottle of snake oil -- and it cost $100 billion more than the entire Iraq campaign to date.

According to the Congressional Budget Office, the total Iraq tab comes to $709 billion this month, a costly engagement in terms of treasure.

But as Randall Hoven points out on the American Thinker Web site and in the nearby chart, the war made up just 3.2 percent of federal spending while the fight raged. Leave it to the feds to make $700 billion look like a drop in the ocean.

And it accounts for less than 15 percent of the overall deficit since it began in 2003.

In fact, the war is to blame for a majority of the deficit only in 2007, when the US launched its surge, a brilliant success that changed the war. (If only all federal spending were as effective.)

[freespirited]

[massgopguy]

Laura D’andrea Tyson wants a second stimulus. This is the woman that wants our 401k’s.

[ridesthemiles]

There was a FR thread this weekend saying that over 22,000 claims from car dealers in the Cash For Clunkers program still have NOT been paid by NObama & his CZARS.

The ‘rebate’ was either $3500 or $4500 based on the car you were buying, etc. IF one averages that to $4000, x 22,000, there is about $88 MILLION dollars still not paid to the car dealers.

This all happened a year ago.

With this kind of abysmal paperwork with this administration, it is no wonder why no business believe anything NObama is saying.

This same standard of paperwork will be applied to NObama HELLTH care—mark my words.

[canuck_conservative]

The Iraq War cost $709 Billion, but that's spread out over 8 years.

By contrast, Obama's clowns blew thru $800,000 million in just over a year.

Say 400 days ... that's $2 billion every day, $83 million every single hour, constantly, 24/7 ....

..... and remember, that's not basic spending - stuff the country needs to keep operating - this is EXTRA spending!!

The Democrats treat the country's purse like they're on a crack binge