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Alcoa Inc. Message Board

  • notarethug notarethug Dec 19, 2006 10:55 PM Flag

    The $2 Trillion War

    A leading economist says the true cost of Iraq is far higher than President Bush claims -- and America will pay the price for decades to come.

    When America invaded Iraq in 2003, the Bush administration predicted that the war would turn a profit, paying for itself with increased oil revenues. So far, though, Congress has spent more than $350 billion on the conflict, including the $50 billion appropriated for 2007.

    But according to one of the world's leading economists, that is just a fraction of what Iraq will actually wind up costing American taxpayers. Joseph Stiglitz, winner of the Nobel Prize for economics, estimates the true cost of the war at$2.267 trillion. That includes the government's past and future spending for the war itself ($725 billion), health care and disability benefits for veterans ($127 billion), and hidden increases in defense spending ($160 billion). It also includes losses the economy will suffer from injured vets ($355 billion) and higher oil prices ($450 billion).

    http://www.rollingstone.com/politics/story/12855294/national_affairs_the_2_trillion_dollar_war

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    • W, Dead-eye Dick, Pat Robertson, Reverend Jimmy Swaggart ('never met a man I wanted to marry'), George Carlin ('I think being a minority does not make you noble or victimized, and does not entitle you to anything'), Ann Coulter, Sean Hannity, Martha and Cramer rule.

    • practically 3 billion dollars for each person killed on 9/11//// not so cost effective imho or 5 alcoas combined and what do we have to show for it. Nada Zilch.shit. lots of people killed and maimed. andf not a lick of oil!!! and to think the dumb son of a switch was elected Twice...

 
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