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Iraq war could cost US over $2 trillion, says Nobel prize-winning economist
The Guardian ^ | January 7, 2006 | Jamie Wilson

Posted on 01/11/2006 12:26:22 AM PST by BogusStory

Congress has appropriated $251bn for military operations, and the Congressional budget office has now estimated that under one plausible scenario the Iraq war will cost over $230bn more in the next 10 years.

According to Nobel prize winner Mr Stiglitz and Harvard budget expert Ms Bilmes, there are substantial future costs not included in the Congressional calculations. For instance, the latest Pentagon figures show that more than 16,000 military personnel have been wounded in Iraq. Due to improvements in body armour, there has been an unusually high number of soldiers who have survived major wounds such as brain damage, spinal injuries and amputations. The economists predict the cost of lifetime care for the thousands of troops who have suffered brain injuries alone could run to $35bn. Taking in increased defence spending as a result of the war, veterans' disability payments and demobilisation costs, the budgetary costs of the war alone could approach $1 trillion.

(Excerpt) Read more at guardian.co.uk ...


TOPICS: Government; News/Current Events; War on Terror
KEYWORDS: blogpimpin; costofwar; iraq; pricetag; trolltimer
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To: BogusStory

What's the saying - Freedom isn't free ?


21 posted on 01/11/2006 2:34:30 AM PST by marvlus
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To: D-fendr
"play the game"

Exactly. The cost of doing nothing about Hitler was fifty million lives and many trillions of units of whatever kind of money. An ounce of prevention is worth a pound of cure.

22 posted on 01/11/2006 3:37:02 AM PST by driftless ( For life-long happiness, learn how to play the accordion.)
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To: BogusStory
Iraq war could cost US over $2 trillion, says Nobel prize-winning economist.

Really?! I didn't know it would cost that much... I guess we had better surrender then. Anyone know where I can pick up a bhurka for my wife? (They come in children's sizes right? I have a five year old too.)

23 posted on 01/11/2006 3:47:36 AM PST by tcostell
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To: BogusStory

And the estimated cost of worldwide Islamofacism?


24 posted on 01/11/2006 3:56:26 AM PST by libertylover (Bush spied. Terrorists died.)
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To: BogusStory

And not having the war will cost us our FREEDOM!


25 posted on 01/11/2006 4:13:50 AM PST by stockpirate (John Kerry & FBI files ==> http://www.freerepublic.com/~stockpirate/)
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To: BogusStory

And…..?

Okay will cost 2,000,000,000,000 dollars (or more) over the next ten years.
What was the cost inflicted on the US in four hours between 0800 and 1200 EST on September 11th, 2001?
What was the cost inflicted on the US economy since then (remember the stock market just returned to its pre-Sept 11th values)?
If those are the effect of a single, non-WMD based, attack what would be the cost of a second, third, and so follow-on attacks over the next ten years (WTC 1994, WTC 2001 proves this statement)?

Nations, just like individuals, have certain “must-pay bills” Failure to pay those bills means the individual, and nation, can no longer exist as it had been living (try not paying a utility bill for a few months to prove this statement).

We, in the United States, are extremely lucky that we can afford to pay multiple large bills. Granted there might be some belt tightening (see the stock market, costs of oil, etc.) but over all the “must pay bills” are being paid by a very small percentage of our population.

So when you next see a person in uniform, regardless of their rank, go up and thank them; because they, like our parents when we were growing up, are the ones paying the most important “must pay bill“ our nation has.

Enough said!


26 posted on 01/11/2006 4:24:53 AM PST by Nip (SPECTRE - Still a vision of life and death after 35 years.)
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To: blueriver

Have you seen a mushroom cloud over an American city since we invaded Iraq?


27 posted on 01/11/2006 5:23:35 AM PST by jwpjr
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To: BogusStory; Larry Lucido; Darksheare; darkwing104

I'm smelling ozone.

IBTZ???


28 posted on 01/11/2006 6:07:11 AM PST by StarCMC (Old Sarge is my hero...doing it right in Iraq! Vaya con Dios, Sarge.)
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To: BogusStory; Americanwolf; AQGeiger; Beaker; BenLurkin; baltodog; BJClinton; big'ol_freeper; ...

29 posted on 01/11/2006 6:19:23 AM PST by Old Sarge (In a Hole in the Ground, there Lived a Fobbit...)
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To: BogusStory

What would doing nothing cost in terms of American lives, the US being blown to bits, etc.? I can't count that high.


30 posted on 01/11/2006 6:23:37 AM PST by hershey
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To: Larry Lucido

Maybe these two geniuses can tell us how much the war on poverty quagmire has cost Americans over the last 40 years.


31 posted on 01/11/2006 6:32:38 AM PST by EQAndyBuzz ("We don't need POLITICIANS...we need STATESMEN.")
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To: Old Sarge

Good evening Sarge. Hugs!!


32 posted on 01/11/2006 6:38:46 AM PST by trussell (Work for God...the retirement benefits are great!)
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To: Old Sarge; BogusStory
Eagle red white and blue To MEG33 | 01/03/2006 2:17:31 AM CST sent


--------------------------------------------------------------------------------
TO OUR VETERANS, THOSE IN THE MILITARY AND THEIR FAMILIES
--------------------------------------------------------------------------------
THANK YOU FOR YOUR SERVICE TO OUR COUNTRY
--------------------------------------------------------------------------------

33 posted on 01/11/2006 6:46:45 AM PST by MEG33 (GOD BLESS OUR ARMED FORCES)
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To: BogusStory

http://www.freerepublic.com/focus/f-news/1553900/posts
Already posted, and zotted, by shuntos.
Welcome back.


34 posted on 01/11/2006 7:45:09 AM PST by Darksheare (Beware the waddling Penguin Invaders from Ursa Minor!)
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To: BogusStory; Old Sarge

http://www.freerepublic.com/focus/f-news/1553900/posts

Same article, posted by troll 'shuntos'.


35 posted on 01/11/2006 7:46:15 AM PST by Darksheare (Beware the waddling Penguin Invaders from Ursa Minor!)
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To: jwpjr
Have you seen a mushroom cloud over an American city since we invaded Iraq?

Are you implying that Iraq had the means to send a nuclear warhead to the US. That is so far out of touch with reality that it is hard to believe anyone actually believes it to be true.

36 posted on 01/11/2006 8:04:52 AM PST by blueriver
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To: BogusStory

What are the savings to apply against the costs if the war in Iraq prevented exactly one additional event like September 11?


37 posted on 01/11/2006 8:06:44 AM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: BogusStory

This comes from the same people who said we would suffer 200,000 American deaths trying to defeat Saddam's army. More Americans are murdered in California evey year than have been killed in Iraq during the entire war.


38 posted on 01/11/2006 8:12:49 AM PST by joebuck
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To: BogusStory; King Prout; AmericanArchConservative
Howdy, welcome to Free Republic. Are you well-grounded?

KP, AAC, I don't have a RKBA/VK. Maybe y'all could help?
39 posted on 01/11/2006 8:26:57 AM PST by BJClinton (Hook 'em!)
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To: BJClinton


You called?

40 posted on 01/11/2006 8:33:52 AM PST by MEG33 (GOD BLESS OUR ARMED FORCES)
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