thinkprogress.org — Amount the war in Iraq costs per minute, according to a new analysis by Nobel Prize-winning economist Joseph Stiglitz and Harvard’s Linda Bilmes, put out by the American Friends Service Committee. The study finds that this $720 million a day could buy homes for 6,500 families or health care for 423,529
Sep 22, 2007 View in Crawl 4
chiggahSep 23, 2007
and who's gonna pay the price when s**t goes down? Certainly not the politicians and warmonger corporation ceo and their family. they will just move to some European country and live like kings. It'll be the next generations that will be forced into dealing with this s**t. It's almost an irony version of original sin.So next time you hear someone cry patriotism and love USA, think not of what they say but seek their motives.
tiedyemanSep 23, 2007
Well, they obviously aren't using the GAO estimates. As it says on the website, their estimates are based on the Milken Institute numbers...<a class="user" href="http://www.nytimes.com/2007/01/17/business/17leonhardt.html">http://www.nytimes.com/2007/01/17/business/17leonh ...</a>How did you come up with $720 million for one day of the Iraq war?The Iraq War supplemental funding bills passed by Congress comes to $410 billion for four years or about $280 million/day. The additional $440 million/day represents the costs already incurred but not yet paid for such as paying the interest on the war debt, caring for the wounded, replenishing military equipment and rebuilding Iraq. These future costs are based upon the work of Nobel Prize winning economist Joseph Stiglitz and Linda Bilmes of the Kennedy School of Government at Harvard. In a Milken Review update to an article first published in the National Bureau of Economic Research, Stiglitz and Bilmes calculated the costs that have already been incurred and will come due in the future.
kenyanSep 24, 2007
First off... 1000 bucks if less than your cable bill? You need to be worried about more than one person shafting you on that front. Secondly, its 1000 bucks for every member of your family per year. Still not enough, eh? How about every person in your family donates 1000 bucks to some charity every year. Its not a lot of money.
bradmwSep 24, 2007
Bottom line: I'd rather the government spend MY money on all our defenses than on YOUR health.