This week, President Bush has said he will veto the proposed funding bill for child healthcare, known as “S-CHIP” legislation. He claims the bill, which could cost as much as $50 billion [1] (above the current baseline) over the next five years, is too expensive [2]. Meanwhile, despite overwhelming public opposition, Bush is also calling for another $200 billion [3] to fund his occupation in Iraq, nevermind the fact that his unnecessary invasion of that country has already wasted at least $25 billion of taxpayer dollars in fraud and mismanagement [3].
So, add lost childhood healthcare improvements to the long list of lost opportunity costs associated with Bush’s idiotic decision to invade Iraq. While you’re at it, add the stunning devaluation of U.S. currency over the past five years — a less visible, but very real, cost of runaway Republican spending: for example, see here [4], here [5], here [6] and here [7].
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