Tina K. Russell

April 15, 2008

Magical government money

Filed under: Uncategorized — Tags: , , , , — Tina Russell @ 4:39 pm

Views on Money for Iraq War, and What Else Could Be Done With It – New York Times

The issue occasionally crops up on the campaign trail and in public debate. Senator Barack Obama, Democrat of Illinois, told voters in West Virginia last month that the war was costing each American household $100 a month. “Just think about what battles we could be fighting instead of fighting this misguided war,” Mr. Obama said.

Senator Hillary Rodham Clinton said in Indiana recently that the war was costing $12 billion a month and was crowding out urgent national needs. “We’ve got to begin not only to withdraw our troops,” said Mrs. Clinton, Democrat of New York, “but bring that money back home.”

The problem is that we’re already borrowing hundreds of billions of dollars to pay for this war. As soon as we get our soldiers back home–which could be some time–we will immediately have to start thinking about how we’re going to pay back that absurd amount of cash. It won’t be the time for drooling exuberance over an imaginary windfall.

But hey, look at these guys. What planet are they from?

On the other hand, Senator John McCain of Arizona, the likely Republican nominee, says repeatedly that success in Iraq justifies any cost and that overspending in other areas is causing the strain on the federal budget. He says the government can afford whatever the war costs as well as a big corporate tax cut if it reins in wasteful federal spending.

President Bush addressed the cost more directly than before in remarks on Thursday at the White House. Mr. Bush acknowledged that the human and material costs had been high and would demand continued sacrifices from all Americans. But he said that relative to the cold war, the war in Iraq had consumed a “modest fraction” of the country’s wealth.

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