Originally Posted By: Frank_Nitti
Originally Posted By: olivant

The Congressional Joint Economic Committee published its fndings in November 2007 that estimated the costs of both the war in Iraq and in Afghanistan at $800 billion. There are 1,000 billions in a trillion. Do the math.

Yes, but that's 800 billion that had to be taken away from other programs who in turn had to ...borrow the funds to make up for the insufficiency caused by the allocation of war funds. Thus, when thought of in these terms--the amount of loans sought by those 'programs' who lost their funding to the war--that 800 billion figure begins to swell. wink


That doesn't make any sense. $800 billion is $800 billion. It doesn't matter what it was spent on. You either have the revenue to spend on it or you don't. If you don't, you borrow it. Because federal reveunes from 2001 through 2006 were not sufficiient to pay for federal expenditures during those years, the Republican controlled Congress (which also formulates and approves the annual federal budgets) authorized the Treasury Departmdent to borrow approximately $5 trillion.

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