Now comes a study by Joseph Stiglitz, a Nobel Prize-winning economist at Columbia University, and a colleague, Linda Bilmes of the Kennedy School of Government at Harvard, that estimates the "true costs" of the war at more than $1 trillion, and possibly more than $2 trillion.And these figures aren't included in the budget -- which is already running a big deficit. So this administration and the GOP-led Congress have been spending money hand over fist, not to mention for this war, and yet they've always been touted as the smaller-government-is-good crowd. Just more peddled horse crap that John Q. Ignorant believes because Rush, Hannity, Coulter et al say it's so. Lord help us all.
....These costs, the study says, "include disability payments to veterans over the course of their lifetimes, the cost of replacing military equipment and munitions, which are being consumed at a faster-than-normal rate, the cost of medical treatment for returning Iraqi war veterans, particularly the more than 7,000 [service members] with brain, spinal, amputation and other serious injuries, and the cost of transporting returning troops back to their home bases."
...."Another cost to the government," the study says, "is the interest on the money that it has borrowed to finance the war."
....Ms. Bilmes said that the $1 trillion we're spending on Iraq amounts to about $10,000 for every household in the U.S.
Saturday, April 01, 2006
Posted by Grey Matter at 8:55 PM