Graph of the Day for August 22, 2010

Randall Hoven
"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.

"The Iraq adventure has seriously weakened the U.S. economy, whose woes now go far beyond loose mortgage lending. You can't spend $3 trillion -- yes, $3 trillion -- on a failed war abroad and not feel the pain at home."  Linda J. Bilmes and Joseph E. Stiglitz, The Washington Post.

 Data sources:  CBO (see Box 1-3 and Table 1-4) and US Statistical Abstract, Table 461.


Hoven's Index for August 22, 2010


Total spending on the Iraq War through 2010:  $709 billion

Iraq War spending in 2008 (highest year) as % of total federal outlays:  4.7%

Spending on Medicare, 2003 through 2010:  $2,931.5 billion

Spending on Obama's stimulus, 2009 and 2010 only:  $572 billion

Total spending on Obama's stimulus, 2009-2019:  $814 billion

Data sources:  CBO (see Boxes 1-2 and 1-3, and Table 1-4) and US Statistical Abstract, Table 461.


Graph of the Day Archive.

"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.

"The Iraq adventure has seriously weakened the U.S. economy, whose woes now go far beyond loose mortgage lending. You can't spend $3 trillion -- yes, $3 trillion -- on a failed war abroad and not feel the pain at home."  Linda J. Bilmes and Joseph E. Stiglitz, The Washington Post.

 Data sources:  CBO (see Box 1-3 and Table 1-4) and US Statistical Abstract, Table 461.


Hoven's Index for August 22, 2010


Total spending on the Iraq War through 2010:  $709 billion

Iraq War spending in 2008 (highest year) as % of total federal outlays:  4.7%

Spending on Medicare, 2003 through 2010:  $2,931.5 billion

Spending on Obama's stimulus, 2009 and 2010 only:  $572 billion

Total spending on Obama's stimulus, 2009-2019:  $814 billion

Data sources:  CBO (see Boxes 1-2 and 1-3, and Table 1-4) and US Statistical Abstract, Table 461.


Graph of the Day Archive.