Quote:
Originally Posted by gimpy117
Good! its about time we made some money so we don't have to keep paying the middle east for fuel, or giving money to BP just for them to cause huge disasters.
And what happens when we start to run out of Viable oil wells? we need a backup unless we want to go back to the stone age.
Funny how the republican party....the same party how started one of the most expensive wars in history are suddenly worried about fiscal responsibility! I guess when it fits your agenda you are all for it!
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As a point of information, demonstrate that the war is even "one of" the most expensive in history.
Raw dollars is not an acceptable answer. % of GDP per year would be best.
WW2 was around 15.5% of US GDP (239% of federal expenditures—deficit to pay for it, basically).
Viet Nam was 1.8% of GDP (36.7% of fed expenses)
Iraq? 1.1% of GDP (18.3% of fed expenses) (as of 2007) That had 450B, and the new total is over 700B. Even doubled it's not the most expensive, however. Not even close to WW2 in constant dollars. It's in fact not even close in actual dollars. (ww2 cost the US 288B, which is 3.6 trillion in 2010 dollars)
EDIT: if you divide 700 B$ by 7 years (2003-2010), you get 100B$ a year. (you need to make sure that you only count costs above and beyond the normal expenditure of the military) That's about 0.71% of annual GDP. Total annual US tax revenues are typically on the order of 20% of GDP.