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Saturday, April 12, 2008

Democrat: Iraq War Spending Is Slowing Down The Economy

Somebody get this guy a dunce cap.

WASHINGTON - The growing cost to the United States of fighting the war in Iraq “is not only linked to our economic skid, but is a leading cause of it,” a Democratic congressman said Saturday.

Rep. John Yarmuth of Kentucky linked the costly, unpopular war with the growing economic troubles — some say recession — in this country.

Yarmuth said in the Democrats’ weekly radio address that the testimony this week of Gen. David Petraeus and Ambassador Ryan Crocker about the Iraq war served as reminder of the billions of dollars being poured into Iraq as the U.S. economy struggles.

“General Petraeus and Ambassador Crocker failed to offer a plan to change direction in Iraq and redeploy our troops,” Yarmuth said. “Instead, they offered more of the same, with U.S. troops and taxpayers paying the price.”

On first look, Rep. Yarmuth’s argument here seems way off because there doesn’t seem to be any correlation between economic growth and Iraq spending.  For most of the war we’ve experienced strong economic growth.  It is only now, after five years, that the growth is beginning to slow.  Seems that if war spending were to have an impact we would have felt it already.

But even setting that argument aside, if government spending on Iraq hurts the economy what about government spending in general?  Consider, for instance, the rise in our nation’s mandatory entitlement spending over the last 46 years:

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In 2007 entitlement spending in America cost us approximately $1.4 trillion dollars.  In over five years, the war in Iraq has cost a total so-far of $583.6 billion, or approximately $116 billion per year.  Here’s a comparison of per year entitlement spending vs. per year Iraq spending:

Iraq war spending is a drop in the bucket compared to what we spend on big, and getting bigger, programs like Social Security, Medicare and Medicaid.  And if government spending on Iraq is detrimental to our economy, so is spending on these programs.

Someone wake me up when Rep. Yarmuth is oh-so-concerned about the unsustainable growth in entitlement spending.

Comments

Wouldn’t the liberal Keynesian theory advocate extra government spending to boost the faltering economy? Sounds like we ought to start another war…


“Behind Communism, Fascism, behind all occupations and invasions lurks a more basic, pervasive evil… a parade of people marching by with raised fists and shouting identical syllables in unision.” - Milan Kundera

Hairy Polemic on April 12, 2008 at 01:59 pm

One group of programs supports widows, orphans, the sick and disabled.
The other produces them.

WOOF on April 12, 2008 at 03:21 pm
Avatar for lou

The problem is oil. OPEC are controlling the price of oil.

lou on April 12, 2008 at 04:37 pm

WOOF:

One group of programs supports widows, orphans, the sick and disabled.  The other produces them.

Entitlement programs create widows, orphans, the sick and disabled at a far more prodigious rate than this war does.  Been to the LBC recently?  Westside?

It used to be that liberalism stood for a morally responsible position, in which the enormous social consequences that your suck-assed welfare programs have had on the poor would have been decried long ago.  These days it’s all about expediency and zippy sound bites.  Fantastic.

Carrick on April 12, 2008 at 05:06 pm

Rob, here to make an obvious comparison.  If you put earmark spending on that graph, it would be basically a thin vertical line.  While I worry about the social consequences (e.g., corruption) of earmarks, I think it’s a fallacious argument to bring up the impact of the economy of either earmarks or the war in Iraq.

Carrick on April 12, 2008 at 05:10 pm

Next they’ll tell us the Iraq War is causing global warming.

Ken McCracken on April 12, 2008 at 06:58 pm

Next they’ll tell us the Iraq War is causing global warming.

Are you saying that it is not..?  Does the war also cause global cooling..?

atease


atease

atease on April 12, 2008 at 07:19 pm

Next they’ll tell us the Iraq War is causing global warming.

I’m sure that you’re right Ken.  And mind numb drones that will believe anything they are told will go right along with the liberals.  We need to fight this tooth and nail.



A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

dougee on April 13, 2008 at 12:42 am

Guns don’t kill people, charity kills people Carrick?

A sturdy beggar is to be whipped the first time, his right ear cropped the second time, and if he again offends, to be sent to the next gaol till the quarter sessions, and there to be indicted for wandering, loitering, and idleness, and if convicted, shall suffer execution of death as a felon and an enemy of the commonwealth.

Sturdy Beggars

WOOF on April 13, 2008 at 07:10 am

We need to fight this tooth and nail.

Why don’t you just argue like a gentleman instead of biting and scratching?

Sparkie Arbuckle on April 13, 2008 at 07:22 am

your figures for the cost of the war are bogus. what about afghanistan? is that someone else’s war all of the sudden? do we get to conveniently NEVER TALK ABOUT IT?
we are fighting the ‘war on terror’, no? let’s see THOSE FIGURES.
also, don’t forget to include the longterm care expenses for wounded vets.
you are a patent liar when it comes to spending statistics Rob.

Sparkie Arbuckle on April 13, 2008 at 07:26 am

Wouldn’t the liberal Keynesian theory advocate extra government spending to boost the faltering economy? Sounds like we ought to start another war…

You would think that it would be good for the economy but the defeatocrats can’t surrender fast enough so they can spend the money on something else.


check out Goon’s World

http://ndgoon.blogspot.com/

Goon’s North Dakota Red Neck

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goon on April 13, 2008 at 09:17 am

Why don’t you just argue like a gentleman instead of biting and scratching?

It’s a figure of speech Sparkie.  I apologize if it confused you.



A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

dougee on April 13, 2008 at 11:01 am
Rob
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your figures for the cost of the war are bogus. what about afghanistan? is that someone else’s war all of the sudden? do we get to conveniently NEVER TALK ABOUT IT?
we are fighting the ‘war on terror’, no? let’s see THOSE FIGURES.
also, don’t forget to include the longterm care expenses for wounded vets.
you are a patent liar when it comes to spending statistics Rob.

My figures for the Iraq war are not bogus, they are entirely accurate.  And the fact that I didn’t include Afghanistan totals does not make me a liar.

Rep. Yarmuth of Kentucky was talking, specifically, about Iraq war spending.  Since that was the context of his argument, I rebutted with the actual spending numbers from that conflict.

Had he mentioned Afghanistan, I would have as well.  But this is an appropriate response because, generally, Democrats (and I’m sure Yarmuth is no different) have said that the war in Afghanistan was a legitimate and necessary operation whereas Iraq isn’t.

I’d suggest that even including numbers from Afghanistan the total spending from both wars would still be a drop in the bucket compared to entitlement spending (especially considering that all the defense and war spending from the entire world doesn’t add up to our entitlements bill), so even then my point stands.

I’ll accept your apology for calling me a liar any time now.


The war against illegal plunder has been fought since the beginning of the world. But how is… legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish this law without delay … If such a law is not abolished immediately it will spread, multiply and develop into a system.

Frédéric Bastiat, The Law

Rob’s recently listened-to songs:

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Rob on April 13, 2008 at 12:45 pm
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all you guys are so stupid and you dont need to worry about the war just worry about your own life and worry about what is going on in the united states and not some other country. unless you are in the war, going to the war, or have someone that you know in the war there is no reason to worry about it

andrew on May 14, 2008 at 08:06 pm
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