What Would $87 Billion Buy?

October 3rd, 2004 - by admin

Michael Moore – 2004-10-03 20:35:24


If you can’t get through this list without wanting to throw up, I’ll understand. But pass it around anyway. This is the nail in the Iraq War’s coffin for any sane, thinking individual, regardless of their political stripe (thanks to TomPaine.com and the Center for American Progress)…

To get some perspective, here are some real-life comparisons about what $87 billion means:

$87 Billion Is More Than The Combined Total Of All State Budget Deficits In The United States.

The Bush administration proposed absolutely zero funds to help states deal with these deficits, despite the fact that their tax cuts drove down state revenues. [Source: Center on Budget and Policy Priorities]

$87 Billion Is Enough To Pay The 3.3 Million People Who Have Lost Jobs Under George W. Bush $26,363 Each!

The unemployment benefits extension passed by Congress at the beginning of this year provides zero benefits to “workers who exhausted their regular, state unemployment benefits and cannot find work.” All told, two-thirds of unemployed workers have exhausted their benefits. [Source: Center on Budget and Policy Priorities]

$87 Billion Is More Than DOUBLE The Total Amount The Government Spends On Homeland Security.

The US spends about $36 billion on homeland security. Yet, Sen. Warren Rudman (R-NH) wrote “America will fall approximately $98.4 billion short of meeting critical emergency responder needs” for homeland security without a funding increase. [Source: Council on Foreign Relations]

$87 Billion Is 87 Times The Amount The Federal Government Spends On After School Programs.

George W. Bush proposed a budget that reduces the $1 billion for after-school programs to $600 million — cutting off about 475,000 children from the program. [Source: The Republican-dominated House Appropriations Committee]

$87 Billion Is More Than 10 Times What The Government Spends On All Environmental Protection.

The Bush administration requested just $7.6 billion for the entire Environmental Protection Agency. This included a 32 percent cut to water quality grants, a 6 percent reduction in enforcement staff, and a 50 percent cut to land acquisition and conservation. [Source: Natural Resources Defense Council]

There you go. In black and white. A few million of you will receive this letter. Please share the above with at least a half-dozen people today and tomorrow. I, like you, do not want to see another approval rating over 50%.

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What Is the War Costing?
National Priorities Project

“Currently, the Cost of War calculator is set to reach $152 billion at the end of 2004. This amount is based on the National Priorities Project analysis of the three requests made by the Bush Administration for funding for the war on Iraq, and what Congress actually allocated. The most recent request passed by Congress was for an additional $25 billion which was intended to pay for the costs through the end of the calendar year. For more information, please see the NPP publication, ‘Cost to taxpayers of new $25 billion war request.’ ”

Iraq: The War’s Price Tag
Council on Foreign Relations

(June 7, 2004) — The real cost of the $87 billion, once payments on interest and capital are included: “because the United States federal budget is running a deficit, the government is borrowing money to finance the war. Interest payments on the debt increase costs; according to CBO calculations, payments on interest and capital for the $87 billion approved by Congress in October 2003 for the Iraq and Afghanistan wars will total $1.1 trillion over 10 years.” Since the actual number is about double the $87 billion, we’re therefore looking at approx. $2 trillion over 10 years.