The Daily Background
| Video- 60 Minutes: what funding is going to be cut to pay for Iraq?
by Arlen Parsa
On the June 18th episode of 60 Minutes, Andy Rooney explains what the Bush Administration is planning to cut funding to– in order to pay for the escalating price of the war in Iraq. Two subjects after my own heart: tax dollars and the war. Below is an excerpt:
ROONEY: I’m not really clear on how much a billion dollars is, but the United States, our United States is spending five billion, six hundred million dollars a month, fighting this war in Iraq that we never should have gotten into. We still have 139,000 soldiers in Iraq today. More than 2,000 Americans have died there. For what? Now we have the hurricanes to pay for.
One way our government pays for a lot of things is by borrowing from countries like China. Another way the government is planning to pay for the war and the hurricane dammage is by cutting spending for things like Medicare prescriptions, highway construction, farm payments, Amtrak, National Public Radio, loans to graduate students: do these sound like things you’d like to cut back on, to pay for Iraq?
I’ll tell you where we ought to start saving. On our bloated military establishment…
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