Report puts hidden war costs at $1.6T

[Green Lantern]

Report puts hidden war costs at $1.6T

By JEANNINE AVERSA, AP Economics Writer


WASHINGTON - The economic costs of the wars in Iraq and Afghanistan are estimated to total $1.6 trillion — roughly double the amount the White House has requested thus far, according to a new report by Democrats on Congress' Joint Economic Committee.

The report, released Tuesday, attempted to put a price tag on the two conflicts, including "hidden" costs such as interest payments on the money borrowed to pay for the wars, lost investment, the expense of long-term health care for injured veterans and the cost of oil market disruptions.

The $1.6 trillion figure, for the period from 2002 to 2008, translates into a cost of $20,900 for a family of four, the report said. The Bush administration has requested $804 billion for the Iraq and Afghanistan wars combined, the report stated.

For the Iraq war only, total economic costs were estimated at $1.3 trillion for the period from 2002 to 2008. That would cost a family of four $16,500, the report said.

Future economic costs would be even greater. The report estimated that both wars would cost $3.5 trillion between 2003 and 2017. Under that scenario, it would cost a family of four $46,400, the report said...

http://news.yahoo.com/s/ap/20071113/ap_on_go_co/war_costs


Now there are some who would like to keep the 7.5% of their pay that go to tending for the aged and infirm and invest it in their own retirement.

Who would like their $20K back so they could buy two shotguns and protect themselves from terrorists?

[JLB]

does that include the withdraw costs?

[Green Lantern]

does that include the withdraw costs?

Not as I read the article.

[Green Lantern]

Uppy said...I mean, the White House said: "This report was put out by Democrats on Capitol Hill. This committee is known for being partisan and political."

[JLB]

Not as I read the article.

then it's incomplete.

[Green Lantern]

then it's incomplete.

The costs to-date, not US funded costs. Why would the costs to-date include a withdrawal that has not happened?

[imontoya]

i thought this thing would pay for itself?

[sukie]

Yes... BUT we now controll the oil out of Iraq and future Drilling/exploration for the next 30 years. Mission Accomplished.

[uppy]

Yes... BUT we now controll the oil out of Iraq and future Drilling/exploration for the next 30 years. Mission Accomplished.

Words of Wisdom !

Our goal is two fold to figh the war on terror and protect the resources we need.

How can a REAL American be Against that ?

O... I forgot, the moonbats never understood....Never tackle anyone wearing the same

color uniform as you.

[JLB]

The costs to-date, not US funded costs. Why would the costs to-date include a withdrawal that has not happened?

accuracy. :dunno:

[Green Lantern]

Report puts hidden war costs at $1.6T

By JEANNINE AVERSA, AP Economics Writer


WASHINGTON - The economic costs of the wars in Iraq and Afghanistan are estimated to total $1.6 trillion — roughly double the amount the White House has requested thus far, according to a new report by Democrats on Congress' Joint Economic Committee.

The report, released Tuesday, attempted to put a price tag on the two conflicts, including "hidden" costs such as interest payments on the money borrowed to pay for the wars, lost investment, the expense of long-term health care for injured veterans and the cost of oil market disruptions.

The $1.6 trillion figure, for the period from 2002 to 2008, translates into a cost of $20,900 for a family of four, the report said. The Bush administration has requested $804 billion for the Iraq and Afghanistan wars combined, the report stated.

For the Iraq war only, total economic costs were estimated at $1.3 trillion for the period from 2002 to 2008. That would cost a family of four $16,500, the report said.

Future economic costs would be even greater. The report estimated that both wars would cost $3.5 trillion between 2003 and 2017. Under that scenario, it would cost a family of four $46,400, the report said...

http://news.yahoo.com/s/ap/20071113/ap_on_go_co/war_costs


Now there are some who would like to keep the 7.5% of their pay that go to tending for the aged and infirm and invest it in their own retirement.

Who would like their $20K back so they could buy two shotguns and protect themselves from terrorists?


If this cost is paid by unborn children, is this taxation without representation?

[sukie]

Words of Wisdom !

Our goal is two fold to figh the war on terror and protect the resources we need.

How can a REAL American be Against that ?

O... I forgot, the moonbats never understood....Never tackle anyone wearing the same

color uniform as you.

Ah my correct thinking comrade, If we control oil production for 30 years and gas drops to a buck a gallon... and a Moon bat is in office when that happens... Who gets credit?

Kinda like Çlinton taking credit for the economic boom that Reagan put in place.

[Green Lantern]

Ah my correct thinking comrade, If we control oil production for 30 years and gas drops to a buck a gallon... and a Moon bat is in office when that happens... Who gets credit?

Kinda like Çlinton taking credit for the economic boom that Reagan put in place.

PM me and we'll laugh about it when this happens, OK?

[sukie]

http://www.atimes.com/atimes/Middle_East/IB28Ak01.html


Did this deal fall apart?

[Green Lantern]

We defeated fascism, nazism, militarism and communism in the 20th century so that we could invade countries who have things we need unimpeded?

[sukie]

WTF does that mean relative to your query? (Without browsing Pete's calling you out on tactic.)

[Green Lantern]

The question has nothing to do with ancillary costs our invasions of other countries, but then neither do your posts.

[nehemiah]

well, sukie, let's just hope that you save more than $20,000 in gas over the course of life, eh?

knucklehead.

[sukie]

Billions for 30 years of oil reserves? I like it.

[sukie]

well, sukie, let's just hope that you save more than $20,000 in gas over the course of life, eh?

knucklehead.

It's not just my lifetime.

[Green Lantern]

Billions for 30 years of oil reserves? I like it.

I guess you did not read the article.

[sukie]

I read the article and read through the slant.

[nehemiah]

you're not gonna live more than 30 years?

:dunno:

[sukie]

But our children's children will... So there!

[nehemiah]

But our children's children will... So there!kewl.

the 1.6 trillion is only to 2008, btw.

what about the 1.6 trillion for the extra years added on to this ****ingdebacle?

[sukie]

That will be Pres. Hillary's tag.

[35Pete]

Words of Wisdom !

Our goal is two fold to figh the war on terror and protect the resources we need.

How can a REAL American be Against that ?

O... I forgot, the moonbats never understood....Never tackle anyone wearing the same

color uniform as you.


Real Americans do. Only the damn Tories think the way that you do.


An Open Letter To The American People

We the Founders

Warned you of the dangers of excessive taxation. Now you labor nearly six months of the year to pay taxes at all levels as your economy suffocates under this cruel burden.

Warned you of the dangers of foreign entanglements. Now thousands of men and women suffer and die in foreign lands while your government plans a military draft.

Warned you of the dangers of government spending. Now your growing national debt stands at 8 trillion dollars and your babies are debt slaves from the day they are born.

Warned you of the dangers of a private Central Bank(The Fed) and a debt-based monetary system. Now you drown in credit card debt as you lose your homes to foreclosure.

Warned you to obey the Constitution because power corrupts. Now a secretive government can spy on you and detain you at will under the guise of "National Security".

Warned you of the dangers of political parties. Now you have two powerful parties that conspire against the people, plundering you while they pretend to oppose each other.

Warned you to keep your nation sovereign and independent. Now you submit to the U.N. and NAFTA authority as your borders are deliberately left open to endless illegal immigration.

Warned you to be distrustful of government. But you believed the sugarcoated falsehoods of ambitious politicians and now you no longer know who to trust or what to believe.

Warned you of the importance of an honest, independent, and unbiased press. Now your centralized "Mainstream Media" is full of propaganda, distortions, and omissions.

Warned you that the price of liberty was eternal vigilance. But while you were distracted by ballgames and TV shows, government stole your liberty and bankrupted your children.

Signed,

Your founding fathers.

http://powderbluereport.blogspot.com/2007/10/open-letter-from-founders-of-country.html