New Proposed economic stimulus package: $1600 per household
Cost of Iraq War: $4100 per household.
Cost of the tax rebate: an estimated $145 billion.
Cost of the Iraq war: $500 billion has been allocated by Congress. The expected cost is now estimated to be $1 trillion. To put that in perspective:
The cost of the war in Iraq and other military operations has soared to the point where "we are now spending on these activities more than 10 percent of all the government's annually appropriated funds," said Robert A. Sunshine, the [Congressional] budget office's assistant director for budget analysis.But, of course, "the institutional investors understand the limits to the government's ability to enact economic change."
Besides, there's only so much money to go around, right? And most of it needs to go to businesses, as in the President's latest proposed "stimulus package," or as in the war in Iraq. Spending money on human beings is just...socialism, or something.
I'm sure that's the reason, anyway.
UPDATE: Forgot to mention, the proposed "rebate" from the Administration won't cover people who didn't pay taxes. It's a "tax rebate," not a handout! Which means this money ain't free! It's gotta come from somewhere! Of course, taxes have not been raised to pay for the Iraq war, which means it will be a bill to the nation for decades, according to the CBO. But that's different; somehow.
I'm sure it has to do with avoiding creeping socialism.