![]() ![]() (Heritage Foundation) What effect will this have on the U.S. Only half of this increase is going to defense and homeland security. Bush, government spending now amounts to more than 20% of the economy. (New York Times) How has government spending in general changed under the Bush Administration?Īt the end of the Clinton Administration, government spending was just over 18% of the U.S. He is committing another 0.7% of the U.S. GDP to Iraq in the 2002-2003 fiscal year. (Wall Street Journal) How does that stack up against the entire U.S. ![]() President Bush is asking for from Congress - if approved - would boost discretionary spending in fiscal year 2004 by 10%. Though he pledged to only increase spending by 4%, the $87 billion U.S. (New York Times) By how much will this proposed emergency funding raise spending? (Washington Post) How does money spent on rebuilding Iraq compare to Europe’s reconstruction after 1945?īetween 19, the United States spent just under $13 billion on the Marshall Plan to rebuild Europe - an amount equivalent to about $100 billion in 2003 dollars. The cost of the war in Iraq is close to reaching the inflation-adjusted $191 billion cost of World War I. (Yale University) What about World War I? Civil War and the Persian Gulf War combined, when adjusted for inflation. Revolutionary War, the War of 1812, the U.S.-Mexican War, the Spanish-American War, the U.S. The $166 billion spent and requested for Iraq exceeds the cost of the U.S. (Washington Post) How does President Bush's war spending compare to earlier wars? This request is the largest since the beginning months of World War II. (New York Times) Why is this amount historically significant? taxpayers spent on the 1991 Gulf War to expel Iraq from Kuwait. The $166 billion earmarked for invasion and occupation of Iraq is more than 25 times the bill of $6.4 billion (in 2003 dollars) which U.S. (Boston Globe) How does that compare to the costs of the first Gulf War? The proposed $87 billion for the reconstruction and occupation of Afghanistan and Iraq - combined with the previous $79 billion for the invasion - means that $166 billion would be spent by the fall of 2004. What is the total amount of funding the Bush Administration has asked for to date? How is the money to be spent? And how does this spending compare to the costs of past wars? Our Globalist Factsheet examines the expenses involved. Bush has asked Congress for $87 billion in emergency spending. With military operations dragging on in Iraq and a recent flare-up of hostile activity in Afghanistan, U.S.
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