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The Cost of War

Discussion in 'BBS Hangout: Debate & Discussion' started by mc mark, Mar 16, 2004.

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  1. rimrocker

    rimrocker Member

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    Texas 48

    Amarillo Das, Eric B. Captain 07-Apr-2003
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    Hardin Collins, Gary L. Staff Sergeant 08-Nov-2003
    Houston Soriano, Armando Private 1st Class 01-Feb-2004
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  2. SamFisher

    SamFisher Member

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    It won't.

    damn, this is like the 4th or 5th time I've posted these links or similar ones:

    It will be years and years before the Iraqi oil industry has generated funds sufficient to pay for the $40bn cost of rebuilding of the Iraqi oil industry , much less come even close to paying for even a fraction of the invasion/rebuilding, even if the US were to seize 100% of the revenues.

    Nowhere close. Estimates of this existed before the war and were available to the President and his administration, but that didn't stop Paul Wolfowitz from telling lies like this before congress :
    "We are dealing with a country that can really finance its own reconstruction and relatively soon.”
     
  3. DaDakota

    DaDakota Balance wins
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    Sam,

    Sure, just skim 10% off the top forever until it is paid in full with interest.

    DD
     
  4. SamFisher

    SamFisher Member

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    Nice plan, too bad it will take, oh, 100-200 years or so.
     
  5. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    since we are on the oil plan i think we can always just use the iraqis as slave labor to pay off the war. that was apart of our plan in the first place right?
     
  6. mc mark

    mc mark Member

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    Today $106,757,279,164

    $178,554,680 in just over 24 hours
     
  7. titaniumws

    titaniumws Member

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    oOH, y can't my bank account jump like that? :D
     
  8. RocketMan Tex

    RocketMan Tex Member

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    Wait a second...I thought this war wasn't about oil!!!!
     
  9. FranchiseBlade

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    There is no doubt that some companies are making and will continue to make money off of oil because of this war. That doesn't mean the rest of us will reap any kind of reward at all.

    For the record I haven't said that this war is about oil. I think there are different people in this administration who had different reasons for wanting to go to war in Iraq, and they used whatever reasons the people they were talking to would most likely buy into. That's just my own guess.
     
  10. mc mark

    mc mark Member

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    NEW STUDY SUGGESTS ECONOMIC COST OF IRAQ WAR MUCH LARGER THAN PREVIOUSLY RECOGNIZED

    A new study by two leading academic experts suggests that the costs of the Iraq war will be substantially higher than previously reckoned. In a paper presented to this week’s Allied Social Sciences Association annual meeting in Boston MA., Harvard budget expert Linda Bilmes and Columbia University Professor and Nobel Laureate Joseph E. Stiglitz calculate that the war is likely to cost the United States a minimum of nearly one trillion dollars and potentially over $2 trillion.

    The study expands on traditional budgetary estimates by including costs such as lifetime disability and health care for the over16,000 injured, one fifth of whom have serious brain or spinal injuries. It then goes on to analyze the costs to the economy, including the economic value of lives lost and the impact of factors such as higher oil prices that can be partly attributed to the conflict in Iraq. The paper also calculates the impact on the economy if a proportion of the money spent on the Iraq war were spent in other ways, including on investments in the United States

    “Shortly before the war, when Administration economist Larry Lindsey suggested that the costs might range between $100 and $200 billion, Administration spokesmen quickly distanced themselves from those numbers,” points out Professor Stiglitz. “But in retrospect, it appears that Lindsey’s numbers represented a gross underestimate of the actual costs.”

    The Allied Social Sciences Association meeting is attended by the nation’s leading economists and social scientists. It is sponsored jointly by the American Economic Association and the Economists for Peace and Security.

    http://www.tpmcafe.com/story/2006/1/5/11510/30624
     
  11. vwiggin

    vwiggin Member

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    I was just playing with the database:

     
  12. Ubiquitin

    Ubiquitin Member
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    How depressing...
     

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