I know that I should probably know the answer for this, but I don't. Where are all the billions of dollars for this war coming from? Is it just from our tax dollars, or does it come from somewhere else?
2007-02-04 09:59:44 · 21 answers · asked by Sarah 2 in Politics & Government ➔ Military
Debt baby, we are up to our a$$ in it! When Bush took over there was a surplus. Now we are the deepest we have ever been.
2007-02-04 10:03:42 · answer #1 · answered by kk 4 · 2⤊ 0⤋
You don't know because the gov. doesn't want you to know. The US gov. borrowed most of the money, which was 120 billion a year for the last 4 years from China. So you can just imagine the size of the loan, massive. They could not just print it up, if they did your dollar value would be dropping everyday on world markets. They have to maintain the value of the US dollar because of all the US companys doing business with that currency. The bad news is you haven't got the bill yet, oh don't worry the american people will be paying this loan back in the form of much higher taxes and service charges. Your childrens children will still be paying for this war when you are long gone. So I guess you have to ask yourself a question, is it worth the price your going to have to pay and the lifes lost forever. I will let you answer that question.
2007-02-04 10:18:04 · answer #2 · answered by Bruce 4 · 2⤊ 0⤋
China. And your grandchildren, in the long run.
America's tax receipts aren't enough to cover its budget without funding the Iraq war, let alone with it. The annual cost of the Iraq war is around $80 billion, which is only roughly 25% of the annual US deficit for the last 5 years.
So America borrows heavily from other nations, and China is its biggest creditor right now.
America is like a junkie and China is its dealer. They lend us money and tote the paper as long as we keep buying their cheap imports.
Once the poop hits the fan and America stops being able to make payments by buying so much cheap Chinese crap, China will start calling in our debts.
And then it will be time for America to start sucking some Chinese wang. And I ain't talkin' 'bout the 100 million or so Wangs in the Chinese phonebook.
2007-02-04 10:26:36 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Stolen from agencies that ensure our nation's infrastructure does not crumble. Saddam Hussein was an evil man, but should had been ousted by a true coalition and not the current "coalition." George Bush and Dick Cheney were not interviewed with incisive and revealing questions and most important of all is they were not videotaped. Do you remember the Warren Commission on the Assassination of President John Fitzgerald Kennedy? Sealed for 99 years by President Lyndon Baines Johnson. Bush and Cheney are War Criminals and need to be meted the same punishment as Saddam Hussein. One of the Information Charges is the needless death of military and nonmilitary people. There is no need to call the President and Vice President names, slurs, etc since it would deviate from Q and A.
2007-02-04 10:14:23 · answer #4 · answered by Bad Axe 2 · 2⤊ 0⤋
We are deep in debt. The money is not coming from anywhere. Today's youth will pay for the war with higher taxes, which will be necisary when we get out of Iraq. This cannot happen until we get a better president.
2007-02-04 10:11:05 · answer #5 · answered by Anonymous · 2⤊ 0⤋
The money spent in the Iraq war comes from the taxes paid by citizens. Thus, if there is no war, there is a lot of money for other government projects like welfare, roads and public services.
2007-02-04 10:06:55 · answer #6 · answered by FRAGINAL, JTM 7 · 3⤊ 1⤋
Since the government is trilllions of dollars in debt. Isn't it ironic China is funding the Iraq War. No wonder we can't get tough on China they're our sugar daddie.
2007-02-04 10:37:12 · answer #7 · answered by Andres 6 · 2⤊ 0⤋
Our children and grandchildren and great-grand children will be paying for this war. Not only will they have to pay the debt of the war but they will also have to pay for the benefits of the dead and wounded soldiers and their families. Alot of the soldiers that are injured are in their early 20's so we will be paying for this war for a long long time.
2007-02-04 10:05:58 · answer #8 · answered by Carlos D 4 · 2⤊ 0⤋
China
2007-02-04 10:02:11 · answer #9 · answered by popeyethesadist 5 · 1⤊ 0⤋
The conflict is being paid by employing bonds that have been offered to countries like China (3 Trillion money nicely worth of them) are all of you people who naive to think of the "tax Cuts" are buying all of it?
2016-12-17 09:22:45 · answer #10 · answered by ? 3 · 0⤊ 0⤋
Our government allots that money to the "war" effort by moving money from one area of need to another. And everytime they ask for more money, that money is pulled to use towards the war effort instead running other programs efficiently like medicare, social security, health benefits. etc. And out of our own pockets.
2007-02-04 10:11:42 · answer #11 · answered by Serinity4u2find 6 · 1⤊ 0⤋