
The war in Iraq will ultimately cost U.S. taxpayers not hundreds of billions of dollars, but an astonishing $2 trillion, and perhaps more. There has been very little in the way of public conversation, even in the presidential campaigns, about the consequences of these costs, which are like a cancer inside the American economy.
"For a fraction of the cost of this war," said Mr. Stiglitz, "we could have put Social Security on a sound footing for the next half-century or more."
Social Security and Medicare, saying that both could have been put "on a more sustainable basis." And he cited the committee's own calculations from last fall that showed that the money spent on the war each day is enough to enroll an additional 58,000 children in Head Start for a year, or make a year of college affordable for 160,000 low-income students through Pell Grants, or pay the annual salaries of nearly 11,000 additional border patrol agents or 14,000 more police officers.
So many of the real costs of this crazy war are in fact related to things we cannot do because of it. I feel Mr. Herbert's points are very well made.
I read that part over & over to make sure I was getting it right. Now I'm sickened. Nice catch, Cassandra.
A fraction of the cost of the iraqi war would have fed the entire world.
Think how many less terrorist we would have, if we fed their children.
kinda hard to strap on a bomb to kill yourself against the great satan when the great satan is putting food on your table, rather than taking it off. or killing your neighbours.
For a more interesting format, go to Democracy Now, a one hour interview of Stiglitz by Amy Goodman, last week. Obscene and criminal come to mind, when one realizes the waste and horror the two party system created, complicit in this crime.
Or, they could even provide body armor and armored HumVee's for all the troops.
My brother-in-law was a chaplain with the 3rdID during the invasion and drove to Baghdad without body armor and rubber kitchen mats in the doors of his unarmored HumVee for added protection.
So much for taking care of the troops.
The National Priorities Project has so much, easy to use and read tradeoffs between what Congress funds and what it costs communities, schools, programs from health to highway repair in the quick?.
"For a fraction of the cost of this war," said Mr. Stiglitz, "we could have put Social Security on a sound footing for the next half-century or more."
Well, except for the fact that it would still be borrowed money - not to mention that the government has already borrowed about $2 trillion from the Social Security Trust Fund...
Those are scary figures and it's sad to see exactly where priorities sit. They don't sit comfortably with me.
Thanks for this Cassandra :o)
If you want a wry laugh about it, hop over here .
Hetep and Respect Tamh, your right, the number is actually 3 Trillion Click Here
Hehe, what's a trillion here or there!? :o)
I imagine the true cost of these wars won't be know for many years. There are many different ways the administration can hide the true figures, and much of this isn't available without some detective work and using the Freedom of Information Act, like Mr. Stiglitz was forced to do. Unfortunately, the true costs of the veterans' health care won't be known for another 50-60 years.
Or maybe we could cure cancer or heart disease which kill 1.1 million Americans per year. Terrorism hasn't killed even 8,000 in 10 years. That's not even on the radar screen as far as risk is concerned.
The criminals and ignorants are the people who are waging this war. The winners are already the terrorists.
Every male reading this will get prostate cancer if you live long enough.
Maybe GWB will live long enough :-)
I don't appreciate you flippant use of prostate cancer as a means of getting rid of men that you disagree with. I'm just over fifty and have recurrent prostate cancer...it's devastating news to both me and my two children.
I just hope GWB lives long enough to read his legacy. I'm sure it will make him more miserable than any bout with with cancer.
Every male reading this will get prostate cancer if you live long enough.
Maybe GWB will live long enough :-)
ezeques comment was definitely out of line.
However, he is correct about every male ... just had a prostate specialist tell me the same thing.
My sympathies to zulu. It wasn't an idle conversation I was having with a prostate specialist....... but, so far I have been lucky.
If only people would hold the Democrats accountable for approving all that funding...
To that I say it's more important to secure the future than to take vengence for the past. If anyone is going to stop the financial hemorraging of this war it's going to be a Democrat.
So you secure your future by investing it in the people who @!$%#ed up your past? Really?
I hear Enron's reopening its doors - are you looking for a retirement plan?
If only the administration and congress (Republicans and Democrats) were held accountable for their actions. Especially the illegal ones.
A fraction of the cost of the iraqi war would have fed the entire world.
So when they procreate we have even more to feed.
I think that the proponents of the "think of what we could have done with the money" argument do not have a clear understanding of how these things work. The money was created specifically for the war. If the war were not to have occurred, we would have had neither the war nor the money. If we were to do all of the other things that could have been done with that money, we would still be left with the same future debt in the end. The point is not to create any imaginary money in the first place. Now the war was a ridiculous idea for that (and other) reasons, but to cry about the sorts of things we COULD have done with the money doesn't seem to make much sense.
Hetep and Respect ApostleZeruel, Speaking of how things work, we started with surplus, before McBush gave it to the haves and have mores.
The money was created specifically for the war.
That sounds really pretty, but were do you think that money comes from? From thin air? It's from our pockets. People forget that all those billions are in fact OUR money. So it does make sense to
cry about the sorts of things we COULD have done with the money
because at the end of the day, it came out of OUR pocket. Those debts that have been created to maintain their spending levels, are in fact OUR debts, which WE have to pay. And, yes, our President, our congresspeople, even our judges have to be held accountable for it. There needs to be a redress of grievances as to how they're spending OUR money and running our nation into the ground.
It's not just about the things that COULD be done, but about the things that ARE being done with OUR money, RIGHT NOW.
Just pondering... (or perhaps today, more like venting ;) )
The point is that this money has not come out of our pockets; not yet anyway. A portion of it came from the previous surplus that Clinton left, and the rest of it is money fabricated into debt and deficits (which are not the same thing). This money will likely never be realized, not in the sense that the $1 trillion (or however many) dollars will be paid to the letter at some point by the collective Americans. That debt will instead manifest itself in other averse economic effects, primarily affecting your children and grandchildren, if you are over 35 years old.
And yes, the money DOES materialize out of thin air: the Federal Reserve literally prints it, or issues it in a promissory fashion to the financial institutions. We have not had to pay for this war yet; not by a long run.
(As a curiosity, have you really seen your standard of living drop corresponding to the unimaginable amount of 'money' our government has lost these past six years?)
The point is that this money has not come out of our pockets; not yet anyway.
And yes, the money DOES materialize out of thin air: the Federal Reserve literally prints it, or issues it in a promissory fashion to the financial institutions. We have not had to pay for this war yet; not by a long run.
You have a curious understanding of economics.
It has absolutely come out of your pockets. One early manifestation is the drastic decline in the US dollar. As I have written previously, I bought Rhode Island - it was cheap (I mean inexpensive).
And stupid spending crowds out other spending - as mentioned SS and health care could pretty much be solved - the cost? stop invading, bullying and killing. Instead the latest headline is the USA has decided to lead the space weapons race - the world WILL end in a century or two I fear.
Reminds me of that seinfeld episode.
"just write it off" --- "You don't even know what that means, do you? "
I agree with Chill here. Money does not materialize out of thin air.
A portion of it came from the previous surplus that Clinton left
Oh? 'cause that was Clinton's money. It came out of his personal pocket. Thanks, I was worried that that surplus came from MY tax money. (sorry. that one was too easy.)
That debt will instead manifest itself in other averse economic effects, primarily affecting your children and grandchildren
Again, this isn't our money again, how? It's certainly a lovely thought. Let's keep it up.
the money DOES materialize out of thin air: the Federal Reserve literally prints it, or issues it in a promissory fashion to the financial institutions
You really need to learn more about how this works.
We have not had to pay for this war yet; not by a long run.
You are 100% correct! There's still another few trillion left to pay without counting all that has been (and will be) spent due to the economic destruction of the country. Here's a fun one: Won't it be great when oil is no longer traded to the dollar. Yey!
As a curiosity, have you really seen your standard of living drop corresponding to the unimaginable amount of 'money' our government has lost these past six years?
Yes. Yes. Oh, and yes. Oh, and many of my friends as well. Many people are feeling it, as their homes are taken away, their jobs lost, and the cost of things rise. Some of it is tied to gas prices, some of it to the lower dollar, but it all boils down to having considerable less purchasing power and in some cases losing that power altogether.
As a final note, whenever Mr. Little Tree cuts down one of those money trees that pay for our services, because he needs to pay to play with his giant toy soldier set in Iraq, it's real money that's taken away from something else. That real money is our money. Ever heard the phrase, "Your tax dollars at work?" Well, you know that money that was taken from your paycheck? That's what they're referring to.
As always, just pondering...
P.S. Somebody please take away the giant RISK set away from Mr. Little Tree. Thank you. ;)
And yes, the money DOES materialize out of thin air: the Federal Reserve literally prints it, or issues it in a promissory fashion to the financial institutions. We have not had to pay for this war yet; not by a long run.
Head over to Europe with a pocket full of dollars and see if you can't figure out the adverse effect this plan has. You have a very ... unique grasp on economics.
Yes, yes, I understand that we will have to pay for the war in economic terms. We won't, however, pay for it in monetary terms, and that what what I was saying. The debt that the dollar is currently inflating to pay off will prevent us from spending money on things now and in the future, but to say that if we had never gone to war we could instead have cured AIDS, or fed the world twice over, or what have you is nonsense. No war means no money, unless you are willing to go into the same amount of debt to feed the world. That was all that I was trying to say, not that we somehow won't have to pay this back eventually. I believe some of that aggressiveness was not in order.
We won't, however, pay for it in monetary terms, and that what what I was saying.
We already have and continue to do so. The fact that the surplus is gone. The fact that we're paying twice the price for everything. The fact that some of our tax money is being directed from something domestic to something war related. We are paying for it now.
The debt that the dollar is currently inflating to pay off will prevent us from spending money on things now and in the future
Definitely, and we have to pay it back one way or another.
but to say that if we had never gone to war we could instead have cured AIDS, or fed the world twice over, or what have you is nonsense
You're right. It would be nonsense to say we could instead cure AIDS or feed the world twice over since we wouldn't have done that anyway. But this is your original statement:
but to cry about the sorts of things we COULD have done with the money doesn't seem to make much sense
Your original statement, though, sorry, is not quite the same thing. We have a right and duty to question what is being done with our money. Our government decided to venture into this war, and our money is being used for it. Our future money is also being promised to pay for it. So, under those circumstances it's completely logical to question the sanity of such actions and whether or not we could instead direct that same effort to serve a better purpose. This is what people are actually complaining about, that it should be directed towards a better purpose.
Plus, considering how it has affected our country on so many levels, it's easy to see why we should reevaluate what our government has done and will do with our money.
That was all that I was trying to say, not that we somehow won't have to pay this back eventually.
Sorry for the misunderstanding, but I think everyone here understood that you were saying something different in your previous statements.
I believe some of that aggressiveness was not in order.
I think that often, the tone of written statements tends to be misread due to the lack of voice modulation and visual expression, making directness seem aggressive, more so than it perhaps would be in a real life debate, though those can be quite heated and aggressive as well, without that being necessarily a bad thing.
I don't think anyone's intention here is to attack anyone personally. A topic is being discussed. The points are debated back and forth. Your statements are analyzed and responded to, as are mine, and everyone else's. It's part of the debate (and one of a very heated topic that is currently affecting too many people's ability to put food on the table). So, sorry you felt that way, as I don't think it was anyone's intention here, and thank you for such a fun and wonderful discussion.
When President Clinton lied about getting a hummer, the country and republicans blasted him till the end and continue to do so today. He may have been the best President this country has ever had or ever will see again. King George Bush has in short run the country into the ground. He lied about Iraq, he and his father are responsible for 911 attack. American workers are close to being a third world society, except for CEO's. I don't know about others, but I feel like I've been hung out to dry. He's given the wealthily, tax breaks, and profits that made it impossible for the average worker to support a family, food , clothing, housing, the everyday needs of life. I wrote in 2000 how bad a President he would be, he exceeded my nightmare.
I think he exceeded all of our nightmares, Lotto.
The war in Iraq will ultimately cost U.S. taxpayers not hundreds of billions of dollars, but an astonishing $2 trillion, and perhaps more.
All this was known from day one.
I fault the American people . When it mattered, the chimp had a 80+ percent approval rating.
It's too late now, the American people have to just swallow it.
Hetep and Respect gedanken_1, You have a point with the 80% the American people are sometimes slow to get it, Like with enslavement of human bengs.
But we do not have to swallow it. We are going to vote to CHANGE it, watch us.
You cannot change what has passed.
600,000 people have been killed and trillions of dollars wasted.
But yes, let us kill nomore and waste nomore.
I know you are a bleeding liberal and facts mean so little to you people but maybe you should use some facts in your story. You were lucky enough to be born in the greatest nation in the world and have no appreciation of that. My only way of explaining Bush derangement syndrome is my belief you all have mad cow disease causing your brains to be mush. God bless you all for your nativity to the facts and reality of today's world.
It is so very sad people like you exist and support the nightmare of this administration. People like you will destroy our great country.
One needs only to recall history to understand the important and invariably painful lessons it teaches. Does anyone remember Rome? An empire overstretched and trying to fend off Barbarians on all sides. Ultimately, the citizens, who were filled will fear, ceded control of the government (and their lives) to the military and it wasn't long before the inevitable occured--Rome fell. While the aforementioned is an over-simplification, the lessons it teaches that the squandering of a nation's treasure and future for the sake of a delusional, meglomaniacal few can only lead to disaster is valid.
Why is it that we Americans do not question, in a meaningful way, our country spending more on "defense" that all other countries in the world combined? What are we getting for our money? To add insult to injury, the Pentagon continues to tell us that the current spending is not enough: Our Airforce, Army, Navy, etc. are all reporting that they are losing ground in readiness for duty. Where has the approximatley 850 billion for Iraq & Afghanistan gone? For that matter, what has the Departmen of Homeland Security accomplished? Unfortunatley, among other things, we the people have allowed the military and governement to become a primary employer. People tend to not consider philisophical issues (such as democracy) when it comes to putting food on the table or maintaining the illusion of being safe. Another sad truth is that the Military has gotten so powerful that they need not be too concerned about presidents or congress (the general atitude is that both come and go).
The outraged comments that I've read so far are too little too late. Where was the sceptical media and the "people's voice" prior to invasion of Iraq? What meaningful actions has anyone taken regarding the clear mismanagement of the war and the myriad lies that were intended to cover up the obvious, catastrophic failure over there. Even today, there is a significant portion of the country that continues to chant U-S-A, U-S-A, U-S-A every time their elected officials raise the flag and start singing the national anthem in-lieu of proper responses to questions regarding Whitehouse/administration conduct, military funding/spending and/or foreign policy issues.
In closing, in my opinion the beast (US) is too sick to save. With a 9 trillion Dollar debt (0wned by foreign countries like China, Japan and OPEC), 40% uninsured, and a huge global trade imbalance, our nation is well down the road toward becoming an "also ran" in the world of nations.
Yes it's incredibly depressing.
BUT SERIOUSLY: Shouldn't we add a price on every death and maimed and homeless as well?
The trouble most Americans wouldn't put a very high value per person for the hundreds of thousands of dead and million + displaced - since they are primarily darker skinned people on the far side of the world
The trouble most Americans wouldn't put a very high value per person for the hundreds of thousands of dead and million + displaced - since they are primarily darker skinned people on the far side of the world.
I'm afraid your right, Chill. That's the impression I get talking with people about the war. People seem concerned about the American dead and wounded, and about how much money this war is costing us, but I've heard very few people mention the suffering of the Iraqi people - the dead, wounded, and the refugees, who number in the millions. We don't seem to be the compassionate people we once were.
We're no less compassionate but the masses tune to the MSM and the hearts follow the story lines. Press doesn't do much more than infomertials, war is 30 seconds of a burning car with a pull down illustrated map with a star. By itself it doesn't evoke thoughts of refugees and in fact so many Americans have more than they can manage on their own plates, humping to try to survive and nothing left for pondering the world's woes when the heat bill is in hand.
Pamela, I think your exactly right.
Most Americans are decent, hard-working people - living their own personal struggles - who unfortunately are hopelessly ignorant of the sufferings of the world and the pains of war.
in fact so many Americans have more than they can manage on their own plates, humping to try to survive and nothing left for pondering the world's woes when the heat bill is in hand
You're certainly right about that, Pamela. I see many signs of that in my own middle class neighborhood. We've had four foreclosures within 100 yards of my house in the last six months, so I know a lot of people are hurting, some because of poor financial choices, and some because of circumstances beyond their control and the worsening economy.
***Global Research reports that Human rights organizations are condemning a new form of exploitation in the US—the 2 million mostly Black and Hispanic prisoners working for Fortune 500 companies for a pittance. Global Research says companies investing in the prison industry don't have to worry about strikes or paying unemployment insurance or vacations. If prison employees refuse to work for 25 cents an hour, they are locked up in isolation cells. According to California Prison Focus, the US has locked up more people than any other country. The U.S. has 25% of the world's prison population. Ten years ago there were five private prisons in the country, with a population of 2,000 inmates. Now there are 100, with 62,000 inmates. The Progressive Labor Party accuses the prison industry of being "an imitation of Nazi Germany with respect to forced slave labor and concentration camps."
*** A new report has found that ninety-seven percent of 125,000 federal inmates have been convicted of non-violent crimes. It is believed that more than half of the 623,000 inmates in municipal or county jails are innocent
The prison complex is a Rockefeller dream deal, it's a real racket, why employ someone for a living wage when you can lock him up, pay pennies and charge a fortune to house feed and confine. Catherine Austin Fitts, former Dillon Reed investment banker appointed by Bush I to HUD has an awesome section on the site about the prison profits.
She uncovered billions in loan fraud, reported it and was fired and hunted since. How dare she track taxpayer spending and look for a return on loans and investments like it's Dillon Reed, tee hee not the game at all, not when fleecing has served so well with a bit of classified in a pinch!
This has a section with prison features but my money is spending the hour to go through the whole Washington-Wall Street swindle by teams and tricks, with evidence, open with Brady, Bush and Bechtel
I know this might sound trite. Turn off your TV's...trash 'em. Talk to your neigbhours. find out what everyday Jill thinks on the street. Talk to one another about our dreams and inspirations about the type of -world we would like to live in. And the find the obstacles to those paths and . The oil-soaked bankers of Europe and the United States including the IMF and the WB all of them just putrify on this planet.......falling assleep. g;nite
Let's put a value on human lives lost and add it to the mix. IF we could do that, including the dispiriting of relatives and loved ones, and not just ours but theirs as well, we're talking tens of Trillions of dollars in lost productivity. Only a mean spirited idiot would have been so short sighted not to have seen this in advance. He at least needs to be hung in effigy, if not literally.
Thank you guys for all of the insightful discussion. I do always get smarter here. I did want to say one more little thing. It passes my imagination that a guy would lead us into $3 trillion in debt in order for his international oil cronies to be able to triple (so far) the price of gasoline for our cars and then would veto a bill to get children health coverage because "we can't afford it." If it weren't for who would take his place if we successfully impeached him, I would be all for getting Shrub out tomorrow!
Thank you for seeding this, and I agree, I too learn a lot here. :)
If it weren't for who would take his place if we successfully impeached him, I would be all for getting Shrub out tomorrow!
Be afraid! Be very afraid! That one is the REALLY scary one. ;) hehe.
One of 4 living Americans will get cancer in there lifetime. Why are we spending $3 trillion on this war which has killed 6,000 people instead of curing cancer. GWB is an idiot to the nth degree. He is nothing but a despot dictator no different than Hitler.
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