Another lie Exposed: It Wasn't The War On Terror That Bankrupted America, It Was The Democrats

From Gateway Pundit:




Another Lie Exposed… It Wasn’t Bush’s War For Oil That Bankrupted America, It Was Democrats

Posted by Jim Hoft on Monday, August 23, 2010, 9:52 AM

So will the state-run media ever report this news?

It wasn’t Bush’s War for Oil that bankrupted America. It was democrats.

American Thinker reported:



The Iraq War cost $709 billion. Why Carville, Bilmes, and Nobel-winning economist Stiglitz thought the answer was $3 trillion is anybody’s guess. But what’s a 323% error among friends?



The CBO breaks that cost down over the eight calendar years of 2003-2010. Below is a picture of federal deficits over those years with and without Iraq War spending.

…Do you see alarming deficits or trends from 2003 through 2007 in the above chart? No. In fact, the trend through 2007 is shrinking deficits. What you see is a significant upward tick in 2008, and then an explosion in 2009. Now, what might have happened between 2007 and 2008, and then 2009?



Democrats taking over both houses of Congress, and then the presidency, was what happened. Republicans wrote the budgets for the fiscal years through 2007. Congressional Democrats wrote the budgets for FY 2008 and on. When the Democrats also took over the White House, they immediately passed an $814-billion “stimulus.”