Cheney and Bush are going to hate this book "3 Trillion Dollar War"
Wed Feb 27, 2008 at 05:34:49 PM PDT
There is in the Guardian tonight dated Feb 28,2008 an article about a book The Three Trillion Dollar War being released in the U.K. today written by Nobel Prize Winning Economist Joseph Stiglitz and Harvard Professor at the Kennedy School Linda Bilmes. She is the one who gave the report to Congress on the fact that taking care of the wounded soldiers alone from the Iraq war would be one trillion dollars. It seems as if they got more "curioser" and after being accused of being to "outlandish" in her estimates of the "true cost". Below is excerpts of the article but you need to go to the link and read the entire piece, it is well worth the time.
This is what inspired Stiglitz and Bilmes to go back to the drawing board:
So what did the Republicans say? "They had two reactions," Stiglitz says wearily. "One was Bush saying, 'We don't go to war on the calculations of green eye-shaded accountants or economists.' And our response was, 'No, you don't decide to fight a response to Pearl Harbour on the basis of that, but when there's a war of choice, you at least use it to make sure your timing is right, that you've done the preparation. And you really ought to do the calculations to see if there are alternative ways that are more effective at getting your objectives. The second criticism - which we admit - was that we only look at the costs, not the benefits. Now, we couldn't see any benefits. From our point of view we weren't sure what those were."
Yes what were the benefits of this war? None
But this is what we have to pay between now and 2017:
This is not, then, pure neocon ideology at work, says Stiglitz: "Ideology of convenience is a better description." It is an ideology illustrated even more clearly in another fact that Stiglitz can't believe - that Bush put through tax cuts while going to war. In Stiglitz and Bilmes's reading, this was downright underhand. Raising taxes, and resorting to the rhetoric of shared sacrifice used in the world wars, for example, would have made Americans more aware of exactly what the war was costing them, and would have provoked opposition sooner. The solution was to borrow the money, at interest of couple of hundred billion dollars a year, which, by 2017, will add up to another trillion dollars or so. This government will be gone in nine months; subsequent administrations, and generations, will have to pay it off.
Then here is where they endorse Barack Obama and slap Bush/Cheney in the same paragraph you have to love it!!!!\
Far better, he suggests, to leave rapidly and in a dignified manner, and to spend some of it on helping Iraqis reconstruct their own country - and the rest on investing in and strengthening the American economy, so that it can retain its independence, and have the wherewithal, at least, to play a responsible role in the world. The book ends with a list of 18 specific reforms arising from Stiglitz and Bilmes's discoveries, focusing on exactly how to fund and run a war from now on (depend not on emergency funds and borrowing but on surtaxes, for example, so that voters know exactly what it is they are paying for, and can vote accordingly). He has been approached by Barack Obama as a possible adviser should he reach the White House, although he says, "I've gone beyond the age where I would want to be in Washington full time. I would be interested in trying to help shape the bigger picture issues, and in particular the issues associated with America positioning itself in the new global world, and re-establishing the bonds with other countries that have been so damaged by the Bush administration."
Most of us know this war has been a disaster from day one but did any of us imagine a cost of 6 trillion dollars not counting the human costs, the dead and disabled from Iraq and the United States. Hell I just learned today that British soldiers don't even get a Purple Heart if they are injured or killed on the battlefield in Iraq or anywhere else for that matter, the British military does not have a siliar award for the spilling of one's blood while in their nations uniform "shameful I say" My blog has this story today please visit and DO NOT CLICK on ads I am not trying to make money off my blog and I don't know how to get the google ads off.
By the numbers:
In figures
$16bn
The amount the US spends on the monthly running costs of the wars in Iraq and Afghanistan - on top of regular defence spending
$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
$25bn
The annual cost to the US of the rising price of oil, itself a consequence of the war
$3 trillion
A conservative estimate of the true cost - to America alone - of Bush's Iraq adventure. The rest of the world, including Britain, will shoulder about the same amount again
$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
3%
The average drop in income of 13 African countries - a direct result of the rise in oil prices. This drop has more than offset the recent increase in foreign aid to Africa
·The Three Trillion Dollar War, by Joseph Stiglitz and Linda Bilmes, is published by Allen Lane, price £20. To order a copy for £18 with free UK p&p, go to guardian.co.uk/bookshop or call 0870 836 0875.
