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malaise (1000+ posts) Mon Feb-25-08 07:11 AMOriginal message Stiglitz on the real cost of the Iraq War Advertisements [?]http://www.guardian.co.uk/world/2006/jan/07/usa.iraq <snip>The real cost to the US of the Iraq war is likely to be between $1 trillion and $2 trillion (£1.1 trillion), up to 10 times more than previously thought, according to a report written by a Nobel prize-winning economist and a Harvard budget expert.The study, which expanded on traditional estimates by including such costs as lifetime disability and healthcare for troops injured in the conflict as well as the impact on the American economy, concluded that the US government is continuing to underestimate the cost of the war.The report came during one of the most deadly periods in Iraq since the invasion, with the US military yesterday revising upwards to 11 the number of its troops killed during a wave of insurgent attacks on Thursday. More than 130 civilians were also killed when suicide bombers struck Shia pilgrims in Karbala and a police recruiting station in Ramadi.The paper on the real cost of the war, written by Joseph Stiglitz, a Columbia University professor who won the Nobel prize for economics in 2001, and Linda Bilmes, a Harvard budget expert, is likely to add to the pressure on the White House on the war. It also followed the revelation this week that the White House had scaled back ambitions to rebuild Iraq and did not intend to seek funds for reconstruction.----------------Meanwhile deaths in Iraq continue to surgehttp://news.bbc.co.uk/2/hi/middle_east/7261582.stm At least 40 deadMore killed this morning.
malaise (1000+ posts) Mon Feb-25-08 07:24 AMResponse to Original message 1. Make sure you watch this tomorrow http://www.bbc.co.uk/radio3/nightwaves/pip/to55y /Rana Mitter talks to Joseph Stiglitz, winner of the Nobel Prize for Economics and an influential chief economist at the World Bank until January 2000. Stiglitz's controversial new book, The True Cost of the War in Iraq, argues that far from being good for the economy, the conflict has done significant damage to both the US and global economies.And sound recordist and sonic installation artist Chris Watson talks about his new project in Newcastle, Whispering in the Leaves, which aims to convey to listeners the surroundings of the tropical rainforest.
tomeboy (547 posts) Mon Feb-25-08 07:35 AMResponse to Original message 2. Absolutely obscene, isn't it ? Edited on Mon Feb-25-08 07:36 AM by tomeboyDid you catch what Felonious Monkey was saying the other day? "I think, actually, the spending on the war might help with jobs. (smirk) Yeah, 'cuz we're buying equipment and people are working."
lonestarnot (1000+ posts) Mon Feb-25-08 07:51 AMResponse to Reply #2 3. Ack that stupid son of a bitch. 300 + days of ruinous behavior.
malaise (1000+ posts) Mon Feb-25-08 07:58 AMResponse to Reply #2 4. Bush and Cheney must be Impeached.
