30 October 2008

Obama Campaign To Solve Everyone's Problems by Ending Iraq War

Just finished watching the Obama 30-minute spot with sappy music and families who have fallen on hard times. Sure, it'd be great if everyone in America had it all, but how is this guy going to pay for all this shit?

The Iraq war has certainly been wrought with controversy and has been unpopular in America ever since early 2004. It has also come with a hefty price tag and is currently costing about $10 Billion a month. Whoever wins the election will deal with the messy Status of Forces Agreement and properly withdrawing coalition troops as security responsibility is transferred to the Iraqi Security Forces. But Obama is capitalizing on Iraq's unpopularity by implying he could fund the promises he has made to America in his commercial by ending the war. According to an WSJ article by a CATO guy, that's not gonna be enough:

A trillion here, a trillion there, and pretty soon you're talking about real money. Altogether, Mr. Obama is promising at least $4.3 trillion of increased spending and reduced tax revenue from 2009 to 2018 -- roughly an extra $430 billion a year by 2012-2013...

...The number of U.S. troops in Iraq will decline, regardless of who the next president is. Yet the CFARB credits John McCain's budget with only a $5 billion savings from troop reduction in Iraq, while Mr. Obama gets an extra $55 billion.
It's politically advantageous to speak out against a war no one likes, but trying to fudge the numbers for this fairy tale government isn't doing a service to anyone.