Friday, March 17, 2006
The cost of the Glorious Georgie's Little War
From Newsweek online comes this look at the economic cost of the war in Iraq.
One thing is certain about the Iraq war: It has cost a lot more than advertised. In fact, the tab grows by at least $200 million each and every day.$200 million, that's a lot of school funding, a lot of healthcare, in fact its a lot of pretty much anything in our lives. And that is only for one day.
Joseph Stiglitz, a Nobel Prize-winning economist and self-described opponent of the war, puts the final figure at a staggering $1 trillion to $2 trillion, including $500 billion for the war and occupation and up to $300 billion in future health care costs for wounded troops. Additional costs include a negative impact from the rising cost of oil and added interest on the national debt.And it is all going on our tab. Halliburton isn't paying for it. Exxon isn't paying for it. Bill Gates and Warren Buffet aren't paying for it. You and I will because we didn't get all those tax cuts the Republicans passed. And when we die the next generation and the generation after that will still be paying for Glorious Georgies Little War. That is just one more cost of this war.
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