Friday, February 29, 2008

War in Iraq: A Bigger Rip-Off Than Cable

According to Nobel Prize-winning economist Joseph Stiglitz, the Iraq War will cost the USA $3 trillion. That's three trillion -- three thousand stacks of dollar bills stacked a billion high each. A dollar sign, a three, twelve zeros, and a whole mess of commas.


This should add some perspective as we head deeper into the 2008 presidential and congressional campaigns and start hearing more and more from pro-endless-war "fiscal conservatives" about what we can't afford.

In a phrase, yes we can. We can afford what we prioritize.

The article cited above puts the $3 trillion in some perspective:

even one of these trillions could have paid for: 8 million housing units, or 15 million public school teachers, or healthcare for 530 million children for a year, or scholarships to university for 43 million students. Three trillion could have fixed America's social security problem for half a century.
Understand that these amazing amounts of money are in addition to regular defense spending. Also:
$138: The amount paid by every US household every month towards the current operating costs of the war

$19.3bn: The amount Halliburton has received in single-source contracts for work in Iraq

$5bn: Cost of 10 days' fighting in Iraq

$1 trillion: The interest America will have paid by 2017 on the money borrowed to finance the war
Do these incredible expenditures reflect our values and priorities? No.


this is cross-posted at the Out of Iraq Bloggers Caucus here.


Zennalathas said...

They don't define your guys' values and society...?

You folks DO let them get away with it...In France, there'd have been 100 general strikes by now...

Dale said...

I do hate it when you're right.