<$BlogRSDURL$>

Day By Day© by Chris Muir.

Wednesday, March 03, 2010

Iraq War Spending Isn't the Issue 

Many lefties claim that Iraq war spending caused current budget deficits -- and that the money should have gone to social programs. I've repeatedly tried to show that this is nonsense (many such claims consider only discretionary spending, a crazy comparison). Today, I try again.

Facts:
  1. Iraq: Total costs of war since FY2001 -- About $709 billion, in nominal dollars, according to the leftist National Priorities Project. (Other figures here.)


  2. Deficit: Total Federal budget shortfall since FY2001 -- About $4,974 trillion, in nominal dollars, according to the Office of Management and Budget (Table 1-1).


  3. Social Security: Total Federal spending on SS since FY2001 -- About $5,493 trillion, in nominal dollars, according to OMB (Table 8-5).


  4. Income security: Total Federal spending on unemployment, housing aid, welfare, food stamps, etc., since FY2001 -- About $3,410 trillion, in nominal dollars, according to OMB (Table 8-5).


  5. Medicare: Total Federal spending on Medicare since FY2001 -- About $3,204 trillion, in nominal dollars, according to OMB (Table 8-5).


  6. Medicaid: Total Federal spending on Medicaid since FY2001 -- About $1.895 trillion, in nominal dollars, according to OMB (Table 8-5).


  7. Big four entitlements: Total Federal spending on the four largest mandatory entitlements, since FY2001 -- About $14,002 trillion, in nominal dollars, according to OMB (Table 8-5).
Math: Chart: I've graphed the most relevant comparison of cumulative costs (as well as the cumulative deficits) from Federal FY2001 through FY2010:


source: NOfP chart via OMB and National Priority Project data

Even considering the Defense in total, that's less than 25% of all government entitlement spending:


source: GovernmentSpending.com

Conclusion: The Federal budget imbalance stems from ever-rising entitlements, not the Iraq war. Exiting Iraq wouldn't eliminate the deficit, as even the New York Times admits. Instead of pushing pacifism, progressives should prune social spending, especially Medicare.

Links to this post:

Create a Link

0 Comments:

Post a Comment


return to


This page is powered by Blogger. Isn't yours?