The cost of the war

#1
Haven't read the paper yet, but in the mean time- Bloody Hell! 8O

Iraq: Counting the Cost
By Sally B. Donnelly / Time

U.S. Military Officers often complain privately that the American people don't fully appreciate the costs—human or economic—of the Iraq war. A new paper by Harvard budget expert Linda Bilmes and Nobel-prizewinning Columbia economist Joseph Stiglitz may help address that. It claims that the final cost to the U.S. could be $2 trillion—10 times as high as the worst-case scenario of $200 billion suggested by a White House official before the war.

The discrepancy is in part because of Bilmes and Stiglitz's holistic accounting methods.

Their tally goes far beyond the traditional budget lines of the Pentagon, which says $173 billion was spent through September 2005. For instance, the paper includes estimates for the lifetime cost of disability payments and health care for some 16,000 injured soldiers, increased recruitment budgets, and—since the government has not reined in spending or raised taxed—debt financing for war expenditures. The paper also counts macroeconomic effects like the rising price of oil.
 
#2
EEEEEEEEEEEEEEEKKK!

thats a lot of money to free the iraqis from saddam (and to secure oil for the yanks, subsidise all the US companies who benefited from the war, and provide a handy base from which to project american foreign policy :D )
 
#3
Where´s the surprise?It was clearly stated,by T Blair and others,that the cost of the war would never be recouped by sales of oil.Nobody can accuse him of lying,over this one! :roll:
 
#4
I can't help thinking it would have been cheaper to spend this money developing a non-oil based power source....

msr
 

Goatman

ADC
Book Reviewer
#5
msr said:
I can't help thinking it would have been cheaper to spend this money developing a non-oil based power source....

msr
or indeed revitalizing the US space programme and establishing a self-sustaining manned base on the moon.....That is a lot of tax-dollars thar folks!
 
#6
Agent_Smith said:
EEEEEEEEEEEEEEEKKK!

thats a lot of money to free the iraqis from saddam (and to secure oil for the yanks, subsidise all the US companies who benefited from the war, and provide a handy base from which to project american foreign policy :D )
Surely you mean that's a lot of money to establish an Iranian client state in the middle of the world's major oil reserves. I reckon 12 months to the first joint Iran-Iraq military training exercises.
 

Latest Threads