Lefty
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- Dec 30, 2005
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A new study by two leading academic experts suggests that the costs of the Iraq war will be substantially higher than previously reckoned. In a paper presented to this week’s Allied Social Sciences Association annual meeting in Boston MA., Harvard budget expert Linda Bilmes and Columbia University Professor and Nobel Laureate Joseph E. Stiglitz calculate that the war is likely to cost the United States a minimum of nearly one trillion dollars and potentially over $2 trillion.
The study expands on traditional budgetary estimates by including costs such as lifetime disability and health care for the over16,000 injured, one fifth of whom have serious brain or spinal injuries. It then goes on to analyze the costs to the economy, including the economic value of lives lost and the impact of factors such as higher oil prices that can be partly attributed to the conflict in Iraq. The paper also calculates the impact on the economy if a proportion of the money spent on the Iraq war were spent in other ways, including on investments in the United States
Lefty said:http://www.tpmcafe.com/story/2006/1/5/11510/30624
Estimated Cost of Iraq War:
$1,000,000,000,000 - $2,000,000,000,000
:shock:
...
Wow
If they're accurate, these figures are just the cash costs.Lefty said:http://www.tpmcafe.com/story/2006/1/5/11510/30624
Estimated Cost of Iraq War:
$1,000,000,000,000 - $2,000,000,000,000
:shock:
...
Wow
cnredd said:The issue here is not the actual dollars paid for the "investment", but the "return" of having done so...
If 20 years from now, we see that the liberation of the Iraqi people jumpstarts a revolution of democracy in the Middle East, beset not only with an intolerance of radical Islam, but bringing the ME out of the 6th century into the current global community, then just having them as a trading partner will make up for any cost invested currently...that's not even including security issues......One trillion will be a pittance...
When the US entered the European theater in WWII to attack the leadership in Germany, where did they start?...GarzaUK said:cnredd there is no certainity that what you said above will happen. Your are just hopefully speculating. The Neo-cons totally misjudged Iraq, they may have totally misjudged the middle east.
What ME countries are controlled by a theocratic radical Islam? Iran. hmmm
Iraq certainly was NOT controlled by radical Islam, in fact it was the most secular. I find it hard to believe that the war in Iraq is about radical Islam.
I hope your right cnredd I truely do, but I think Bush and his admin are starting to realise it might not happen.
Oil is just paying Halliburton's bills. After that, CEO's lunch money.aps said:Oh, this can't be right, Lefty. George Bush said that oil would pay for the war, and we know that George Bush doesn't lie, damn it!
cnredd said:When the US entered the European theater in WWII to attack the leadership in Germany, where did they start?...
France...
The direct route is not always the correct one...
Patience grasshopper...
What happens in the Middle East perhaps later this year - when the American troops are withdrawn from Iraq - should be the focus of attention. The long term political "investment" which might pay off in twenty years time, looks like wishful thinking.cnredd said:The issue here is not the actual dollars paid for the "investment", but the "return" of having done so...
If 20 years from now, we see that the liberation of the Iraqi people jumpstarts a revolution of democracy in the Middle East, beset not only with an intolerance of radical Islam, but bringing the ME out of the 6th century into the current global community, then just having them as a trading partner will make up for any cost invested currently...that's not even including security issues......One trillion will be a pittance...
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