Friday, August 18, 2006
CBO: Staying the Course In Iraq will Increase Deficit by $313 billion over next 4 yrs
Here is the definitive "conservatives spend less than Dems" LIE in black and white (via ThinkProgress): The Congressional Budget Office released its budget projections, estimating the deficit will rise to $286 billion in fiscal 2007, up from this yr’s $260 billion projected deficit. Moreover, the long-term outlook remains bleak; total deficits over the next decade are estimated at $1.7 trillion. The CBO offers an analysis of the impact that the Iraq war will have on future deficit numbers based on different policy options we could pursue. They compare the impact on the deficit between a “stay the course” strategy and a phased withdrawal. The numbers make for a strong economic argument for redeployment. A phased withdrawal would save $416 billion on the deficit over the next 4 yrs and $1.28 trillion over the next decade. On the other hand, a strategy of “stay the course” will increase the deficit by $313 billion over the next 4 yrs and $1.3 trillion over the next decade." I can hear Bush and his Repuke sociopaths spewing this soon: "Don’t you see folks? That’s why we have to repeal the estate tax — so that your kids and your kids’ kids will inhert your millions of dollars and be able to pay off this war!"... although I'd rather the soul-less pricks just came foward and said this nugget of truth: "Who cares? YOUR grandchildren ... NOT OUR'S... will pay for it!"