Showing posts with label wasteful spending. Show all posts
Showing posts with label wasteful spending. Show all posts

October 25, 2007

$2,400,000,000,000 - The Congressional Budget Office finally admits the truth about George Bush's Wars


George Bush stole at least $2.4 Trillion from the American people, and Congress (and 51% of voters) went along for the ride. $2.4 Trillion? I thought oil revenues would pay for the war? I thought it was only $110 billion? I thought we'd be greeted as liberators? I thought the mission was accomplished?

Folks, you wonder why our dollar is becoming worthless and our nation's infrastructure is falling apart? Look no farther than the $2.4 Trillion George Bush and Dick Cheney wasted on their wars. And the fact that we financed these wars by borrowing from China and foreigners versus asking for any sort of sacrifice on the home front will make matters down the road that much worse.

2001 - 2008 will be looked at as a wasteful, shameful and corrupt period of American history, with the short-lived housing bubble gains (we're rich! we're rich! who cares about anything else!) having helped cause a mass hypnosis.

Your kids, their kids, their kids, their kids and their kids will be paying for George Bush's mistakes. And Americans who voted for this trainwreck (twice) will be to blame.

The U.S. wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion by 2017 when counting the huge interest costs because combat is being financed with borrowed money
, according to a study released on Wednesday.

With President George W. Bush indicating a large contingent of U.S. troops likely will be engaged in Iraq and Afghanistan for many years to come, the nonpartisan Congressional Budget Office estimated the total tab for the wars from 2001 through 2017.

CBO estimated that interest costs alone from 2001-2017 could total more than $700 billion.