And yes, I've seen the statistical tricks pulled in to inflate that number, including hauling in any possible lost productivity or other peripheral costs that might be even remotely related to the war.
Damn few government programs would look good under similar manipulation.
The "annually appropriated" budget is the total Federal budget with about half of it lopped off--the mandatory spending part. You know...the entitlements. This annually appropriated part is about $1.1 trillion in 2008, and includes everything other than entitlements. Ten percent of that amount would be about $100 billion, the number I gave above.
I don't know where you got $565 billion as ten percent of anything. That would imply a total budget of $5.6 trillion. Which I suppose is only a matter of time.
Current Events » in reply to The words were "unholy amount"
The actual annual cost of the war in Iraq and Afghanistan is more like $100 billion.
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- Did anyone else see this stock market drop coming?
- So down about 1000 points since it hit 14000.
- Perspective
- I have to laugh at all the panic selling
- And here's PANIC! From the Fed.
- Sure. Did you see the "Cramer" interview cited on HZ?
- Not in the timing, but...
- A 5-10% correction could happen at any time.