Politics > Politics-USA > Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken
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Politics > Politics-USA |
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20 Mar 2006 04:12:09 AM |
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Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
From MSNBC, 3/17/06:
http://www.msnbc.msn.com/id/11880954
Cost of Iraq war could surpass $1 trillion
Estimates vary, but all agree price is far higher than initially
expected
By Martin Wolk
Chief economics correspondent
MSNBC
One thing is certain about the Iraq war:
It has cost a lot more than advertised.
In fact, the tab grows by at least $200 million each and every day.
In the months leading up to the launch of the war three years ago, few
Bush administration officials were willing to comment publicly on the
potential costs to the United States.
After all, no cost would have been too high if the United States faced
an imminent threat from an Iraq armed with weapons of mass destruction,
the war's stated justification.
In fact, the economic ramifications are rarely included in the debate
over whether to go to war, although some economists argue it is quite
possible and useful to assess potential costs and benefits.
In any event, most estimates put forward by White House officials in
2002 and 2003 were relatively low compared with the nation's gross
domestic product, the size of the federal budget or the cost of past
wars.
White House economic adviser Lawrence Lindsey was the exception to the
rule, offering an "upper bound" estimate of $100 billion to $200
billion in a September 2002 interview with The Wall Street Journal.
That figure raised eyebrows at the time, although Lindsey argued the
cost was small, adding, "The successful prosecution of the war would be
good for the economy."
U.S. direct spending on the war in Iraq already has surpassed the upper
bound of Lindsey's upper bound, and most economists attribute billions
more in indirect costs to the war effort.
Even if the U.S. exits Iraq within another three years, total direct
and indirect costs to U.S. taxpayers will likely by more than $400
billion, and one estimate puts the total economic impact at up to $2
trillion.
Back in 2002, the White House was quick to distance itself from
Lindsey's view. Mitch Daniels, director of the White House budget
office, quickly called the estimate "very, very high."
Lindsey himself was dismissed in a shake-up of the White House economic
team later that year, and in January 2003, Defense Secretary Donald
Rumsfeld said the budget office had come up with "a number that's
something under $50 billion."
He and other officials expressed optimism that Iraq itself would help
shoulder the cost once the world market was reopened to its rich supply
of oil.
Those early estimates struck some economists as unrealistically low.
William Nordhaus, a Yale economist who published perhaps the most
extensive independent estimate of the potential costs before the war
began, suggested a war and occupation could cost anywhere from $100
billion to $1.9 trillion in 2002 dollars, depending on the difficulty
of the conflict, the length of occupation and the impact on oil costs.
The most current estimates of the war's cost generally start with
figures from the non-partisan Congressional Budget Office, which as of
January 2006 counted $323 billion in expenditures for the war on
terrorism, including military action in Iraq and Afghanistan.
Just this week the House approved another $68 billion for military
operations in Iraq and Afghanistan, which would bring the total
allocated to date to about $400 billion.
The Pentagon is spending about $6 billion a month on the war in Iraq,
or about $200 million a day, according to the CBO.
That is about the same as the gross domestic product of Nigeria.
Scott Wallsten, a resident scholar at the conservative American
Enterprise Institute, put the direct cost to the United States at $212
billion as of last September and estimates a "global cost" of $500
billion to date with another $500 billion possible, with most of the
total borne by the United States.
That figure is in line with an estimate published last month by
University of Chicago economist Steven Davis and colleagues, who put
the likely U.S. cost at $410 billion to $630 billion in 2003 dollars.
Joseph Stiglitz, a Nobel Prize-winning economist and self-described
opponent of the war, puts the final figure at a staggering $1 trillion
to $2 trillion, including $500 billion for the war and occupation and
up to $300 billion in future health care costs for wounded troops.
___________________________________________________________
Where have all the billions gone?
Harry
(see all of Harry Hope's excellent posts as they break, put this link
in your browser, use it, this is a search on google groups, on the
author Harry Hope sorted by date... nothing fancy):
http://groups.google.com/groups?q=&start=0&scoring=d&enc_author=-nIhFBQAAACtBOUGAhN9cSve8yYdFJBuOPANdqfI6prRsqjc7uCt1A&
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| User: "Gerry" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 06:45:00 AM |
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<robbinhoodzorrrro@hotmail.com> wrote in message
news:1142849528.949710.213020@j33g2000cwa.googlegroups.com...
From MSNBC, 3/17/06:
http://www.msnbc.msn.com/id/11880954
Cost of Iraq war could surpass $1 trillion
Estimates vary, but all agree price is far higher than initially
expected
Sean Hannity says that all Americans support the war and the $1 Trillion price
tag with the exception of a handful of suspected seditionists and Muslim
terrorist fanatics.
Once Homeland Security has another crackdown on these enemies of freedom, there
will be no more freedom hating dissent. Many have been identified from the
recent anti-American, anti-Freedom Liberal Hate Fests this weekend. Once they
have been rounded up and imprisoned, another treat to our Liberty will have been
vanquished.
*** Free account sponsored by SecureIX.com ***
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| User: "" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 04:12:13 PM |
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Gerry wrote:
<robbinhoodzorrrro@hotmail.com> wrote in message
news:1142849528.949710.213020@j33g2000cwa.googlegroups.com...
From MSNBC, 3/17/06:
http://www.msnbc.msn.com/id/11880954
Cost of Iraq war could surpass $1 trillion
Estimates vary, but all agree price is far higher than initially
expected
Sean Hannity says that all Americans support the war and the $1 Trillion price
tag with the exception of a handful of suspected seditionists and Muslim
terrorist fanatics.
Well Hannity. like all Cable TV idiots should stick his
economic opinion where is it belongs, which is
with PBS and his fellow morons from Wal-Mart.
Since this war is going to cost as least
$10 Trillion, since the back taxes on it
go back to the Korean War, when the
Washingtoons and their McCarthy stooges
left all their Helo-bombs in North Korea.
Once Homeland Security has another crackdown on these enemies of freedom, there
will be no more freedom hating dissent. Many have been identified from the
recent anti-American, anti-Freedom Liberal Hate Fests this weekend. Once they
have been rounded up and imprisoned, another treat to our Liberty will have been
vanquished.
*** Free account sponsored by SecureIX.com ***
*** Encrypt your Internet usage with a free VPN account from http://www.SecureIX.com ***
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| User: "DefendUSA.blogspot.com" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 11:29:23 AM |
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You get my vote. Let Bush finally be responsible for his actions. It is
the mark of being an adult. It is about time that he grew up.
----------------------------
www.cafepress.com/bush_doggers
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| User: "Sanders Kaufman" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 12:50:38 PM |
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"DefendUSA.blogspot.com" <james01773@yahoo.com> wrote in message
news:1142875763.557265.117810@u72g2000cwu.googlegroups.com...
You get my vote. Let Bush finally be responsible for his actions. It is
the mark of being an adult. It is about time that he grew up.
----------------------------
www.cafepress.com/bush_doggers
This is as grown-up Bush gets.
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| User: "Yosemite Sam" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 02:22:24 PM |
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On Mon, 20 Mar 2006 18:50:38 GMT, "Sanders Kaufman"
<bucky@kaufman.net> wrote:
This is as grown-up Bush gets.
Killed any "wetbacks" today Bucky?
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| User: "jimjames5417" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 08:57:52 AM |
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wrote:
[Garbage Removed]
Same left-wing crazy writing his garbage in the wrong groups!!
Harry is really stupid!!
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| User: "Aeroplan" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 02:48:47 PM |
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"jimjames5417" <jameswright@usa.net> wrote in message
news:1142866672.501910.286430@t31g2000cwb.googlegroups.com...
robbinhoodzorrrro@hotmail.com wrote:
[Garbage Removed]
Same left-wing crazy writing his garbage in the wrong groups!!
Harry is really stupid!!
The post is still true even if it offends your Conservative sense of
reality.
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| User: "dangdangdoodle2" |
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| Title: Re: Cost of Bush's war could surpass $1 trillion (Make Bush Crime Family Pay the Full Cost Of War... after all Bush Started the war based on his LIES!!!) ... If You Think Bush Crime Family Can't Afford It You Are Badly Mistaken |
20 Mar 2006 08:35:04 PM |
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In article <1142866672.501910.286430@t31g2000cwb.googlegroups.com>,
"jimjames5417" <jameswright@usa.net> wrote:
robbinhoodzorrrro@hotmail.com wrote:
[Garbage Removed]
Same left-wing crazy writing his garbage in the wrong groups!!
Harry is really stupid!!
***** ignorant wacko.
--
the dang
You are either WITH the warmongering neocons who invaded Iraq and set up
secret prisons to torture people, OR you're against them and with the
people who want TRUE freedom and democracy.
What you choose is what you get. And if you don't choose and don't fight
for it, the neocons will choose the war option FOR you. And then, it will
be too late.
People are NOT safe when there are neocons who are NOT in prison or in
hell.
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