Posted on 01/07/2006 6:48:17 PM PST by shuntos
The real cost to the US of the Iraq war is likely to be between $1 trillion and $2 trillion (£1.1 trillion), up to 10 times more than previously thought, according to a report written by a Nobel prize-winning economist and a Harvard budget expert.
The study, which expanded on traditional estimates by including such costs as lifetime disability and healthcare for troops injured in the conflict as well as the impact on the American economy, concluded that the US government is continuing to underestimate the cost of the war.
The report came during one of the most deadly periods in Iraq since the invasion, with the US military yesterday revising upwards to 11 the number of its troops killed during a wave of insurgent attacks on Thursday. More than 130 civilians were also killed when suicide bombers struck Shia pilgrims in Karbala and a police recruiting station in Ramadi.
The paper on the real cost of the war, written by Joseph Stiglitz, a Columbia University professor who won the Nobel prize for economics in 2001, and Linda Bilmes, a Harvard budget expert, is likely to add to the pressure on the White House on the war. It also followed the revelation this week that the White House had scaled back ambitions to rebuild Iraq and did not intend to seek funds for reconstruction.
(Excerpt) Read more at guardian.co.uk ...
It's fantastic and nobody here has ever posted it before. You OWN it! :-)
And even though I am the QUEEN MUM, I have to ask the KI NG as well. :-)
Very true. LOL
Ig-noble prize : )
Hey! Who ripped off my cheshire cat????
World War I
World war II
War on Drugs
War on Poverty
and then compare benefits. One truth comes clear: when the word "War" includes something that is not fought by the military, it's very expensive and carries no benefit.
Yeah, lets see him calculate the cost of not going to war with Iraq. The anthrax was created the Iraq method, a method we cannot duplicate as our research took another path.
Mass plague deaths in American citys, glowing craters in place of major cities, these are a few of Saddams favorite things. With the find of major terrorist training camps in Iraq, along with the mass graves, I figure we got a bargin at twice the price.
Thats the standard answer, throw them the jews...
YAHOOO!!! PARTY TIME!!!!
HEY THERE!
how are ya today?
I have been searching for trolls....they must be sleeping off their hangovers....
Yeah, Kool Aid causes terrible hangovers!!
Doubly fallacious. Triply. Much that emerges from the MSM shares this characteristic.
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