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August 22, 2010

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.