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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: blueriver
I'm not implying anything. I simply made a couple of statements. Not everything in the world has a one to one ratio with something else. Some things are related through several steps of connection. And some things, while not actually related at all, serve to illustrate some things that are. It's called abstract reasoning, and for some people it's a way to understand some ideas. For others it seems foolishness. I happen to like it, and use it frequently, but I have no quarrel with those who don't appreciate it. Most people who have to deal with me find it much easier on their mental health just let me live in, deal with, my own little world of abstract ideas and handle their own in a manner that makes to sense to them. I'm not trying to be difficult or challenging. Honest.
41
posted on
01/11/2006 9:23:50 AM PST
by
jwpjr
To: BogusStory; Darksheare
Hmmm, Blog Pimping?
Now, I hear that's a no-no here on FreeRepublic...
42
posted on
01/11/2006 9:43:35 AM PST
by
Zavien Doombringer
(13th AF, 3rd TFW, 3rd AGS, 3rd AMU - ESC The Blue Screw will get you too! 86-89)
To: Zavien Doombringer
Dunno what his story is.
He's awfully quiet though.
43
posted on
01/11/2006 9:45:02 AM PST
by
Darksheare
(Beware the waddling Penguin Invaders from Ursa Minor!)
To: BogusStory
To: Darksheare
45
posted on
01/11/2006 9:47:13 AM PST
by
Zavien Doombringer
(13th AF, 3rd TFW, 3rd AGS, 3rd AMU - ESC The Blue Screw will get you too! 86-89)
To: Zavien Doombringer
46
posted on
01/11/2006 9:47:30 AM PST
by
Darksheare
(Beware the waddling Penguin Invaders from Ursa Minor!)
To: Darksheare
I think we should, just cause we can :)
We haven't had a good Zot in a while
47
posted on
01/11/2006 9:55:45 AM PST
by
Zavien Doombringer
(13th AF, 3rd TFW, 3rd AGS, 3rd AMU - ESC The Blue Screw will get you too! 86-89)
To: Zavien Doombringer
LOL!
My IFF is busted at the moment.
48
posted on
01/11/2006 10:01:13 AM PST
by
Darksheare
(Beware the waddling Penguin Invaders from Ursa Minor!)
To: Darksheare
My mode 4 is giving me the red X
49
posted on
01/11/2006 10:02:22 AM PST
by
Zavien Doombringer
(13th AF, 3rd TFW, 3rd AGS, 3rd AMU - ESC The Blue Screw will get you too! 86-89)
To: Zavien Doombringer
50
posted on
01/11/2006 10:08:18 AM PST
by
Darksheare
(Beware the waddling Penguin Invaders from Ursa Minor!)
To: BogusStory; Darksheare; Zavien Doombringer; Old Sarge
RETREAD !!!!! Darks called it, I concur
IBFTZ
51
posted on
01/11/2006 10:41:41 AM PST
by
scott0347
(Commander of the 0347th Lancer Brigade, Operator of the Immaculate Steamroller)
To: jwpjr
I'm not implying anything. I simply made a couple of statements. Not everything in the world has a one to one ratio with something else. Some things are related through several steps of connection. And some things, while not actually related at all, serve to illustrate some things that are. It's called abstract reasoning, and for some people it's a way to understand some ideas. For others it seems foolishness. I understand abstract reasoning and am not opposed to it being used in many cases. However, when it comes to justifying a war, or rationalizing going to war where American blood is being spilled I think using abstract reasoning is dangerous.
To: BogusStory; Darksheare; meowmeow; 4mycountry; Poohbah; Grampa Dave; an amused spectator; dighton; ..
Summoning the Kitties to wipe out a Blog Pimp!
53
posted on
01/11/2006 11:04:31 AM PST
by
Zavien Doombringer
(13th AF, 3rd TFW, 3rd AGS, 3rd AMU - ESC The Blue Screw will get you too! 86-89)
To: scott0347
you did draw first blood, now we have to anihilate him..
54
posted on
01/11/2006 11:05:31 AM PST
by
Zavien Doombringer
(13th AF, 3rd TFW, 3rd AGS, 3rd AMU - ESC The Blue Screw will get you too! 86-89)
To: expatguy
Iraq should pay for their own liberation. I agree. Monthly oil-reparation invoices.
55
posted on
01/11/2006 11:08:42 AM PST
by
Hank Rearden
(Never allow anyone who could only get a government job attempt to tell you how to run your life.)
To: mariabush
Iraq is paying for our liberty!!!!! How do you figure that?
56
posted on
01/11/2006 11:09:50 AM PST
by
Hank Rearden
(Never allow anyone who could only get a government job attempt to tell you how to run your life.)
To: BogusStory; Zavien Doombringer
Congrats BogusStory I see you graduated Magna Cum Loser with a Liberal Arts Degree from Troll University.
To: BogusStory; Admin Moderator
We have a blog pimper in our midst -
58
posted on
01/11/2006 11:22:42 AM PST
by
Zavien Doombringer
(13th AF, 3rd TFW, 3rd AGS, 3rd AMU - ESC The Blue Screw will get you too! 86-89)
To: Zavien Doombringer; BogusStory
59
posted on
01/11/2006 11:47:22 AM PST
by
Darksheare
(Beware the waddling Penguin Invaders from Ursa Minor!)
To: mariabush
You are right about Iraq, but by use being there, we are keeping the real threats to our country in line. How many times does it have to be said, draw the terrorist over there and keep them off of our property????? It's working isn't it? The terrorist are very patient, and the minute that they see our real leadership weakening, we are toast. Is that why are northern and southern borders are wide open for anyone to enter. Being in Iraq is not going to stop them from walking across the southern border. I think you are swallowing a line of crap Washington is spooning out.
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