Real cost of US war with Iraq: $1.7 trillion
A new report shows the Bush administration's initial estimates were about 30 times too low.
A new report out this month shows how incredibly low that estimate was. Total U.S. taxpayer spending on that war is up to $1.7 trillion, according to the Costs of War Project. And the numbers keep rising. When you include future disability payments for veterans, interest payments and other expenses, the total cost of the war could surpass $6 trillion.
And what good did the war do? Not much, if you ask the Iraqis. A separate report this month from the special inspector general for Iraq reconstruction shows little evidence that all that money did any real good in the country or helped its citizens.
"With all the money the U.S. has spent, you can go into any city in Iraq and you cannot find one building or project" built by the U.S. government, Acting Minister of Interior Adnan al-Asadi said in the report. "You can fly a helicopter around Baghdad or other cities, but you cannot point a finger at a single project that was built and completed by the United States."
The war killed some 134,000 Iraqis, according to Costs of War, a project from the Watson Institute for International Studies at Brown University. The institute compiled research from about 30 academics and other experts for the 10th anniversary of the invasion of Iraq.
The war gave new life to the radical Islamist cause in Iraq, the report said. Other experts say the war helped to further destabilize the Middle East.
As the years pass, public sentiment against the war is hardening. And a few of the decision makers in charge have expressed regret.
"If we had had the foresight to see how long it would last and even if it would have cost half the lives, we would not have gone in," Steven Bucci, the military assistant to former Defense Secretary Donald Rumsfeld in the run-up to the war, told Reuters. "Just the time alone would have been enough to stop us. Everyone thought it would be short."
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How much of the 1.7 million went to Halliburton and its subs,
Cheney should be charged with FELONY conflict of interest
I shudder to think what George W Bush sees when he looks in the mirror.
(Dick Cheney sees nothing in his mirror. You know what that means.)
It is truly a testament to the goodness and stability of America and most importantly to her Citizens, that this kind of absolute waste is tolerated.
These very same patriotic American Citizens have paid for this adventurism and greedy, corrupt pocket lining with their very standard of living and livelihoods lowered for a generation.
By the time the true cost of both Afghanistan and Iraq are realized, the former Middle class will be greatly degraded and for the very first time in 100 years...American will not have the reasonable expectation that their hard work will bring more prosperity to their families.
Yet, these very same patriotic and America loving people will shoulder their burden, largely without complaint, and allow those responsible in Government to divert attention from this absolute crime to a continued assault on the very freedoms guaranteed by the Constitution.
In a very deliberate and well planned expansion of Government power over it's Citizens under the guise of "protection" these very same Patriotic Citizens will allow their independence and Guaranteed Constitutional protections to be eroded. These "protections" take on the face of security and health for them but are cleverly disguised to further Socialize control over the population.
This is very simple ....not....exaggeration...or doom prophesy.....it is a very clear and sober look at the changes occurring everyday.
God help us. Oh wait...I forgot...it is politically incorrect to make such a statement.
Help ourselves. No one else will. Be active...pay attention...vote....write to your Representatives ...so they know who they are required to represent and so they know your wishes.
This is the greatness of America.
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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These hot movers could rise by double digits in coming months.
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