new estimates are out

http://seattletimes.nwsource.com/html/nationworld/2002739307_warcosts14.html (related article)

The original Bush administration estimate for the costs of the Iraq war were between $10 Billion and $100 Billion (this came from Deputy Defense Secretary Paul Wolfowitz). Bush Administration Economic Advisor Lawrence Lindsay suggested that it was more like $100 Billion to $200 Billion and he was immediately fired. As of this moment, congress has appropriated $357 Billion dollars and we are nowhere near done over there.

These two papers
The Economic Costs of the Iraq War, by L. Bilmes and J.E. Stiglitz
The Economic Costs of the War in Iraq, by S. Wallsten and K. Kosec

represent new estimates from liberals and conservatives (the first paper is from a Columbia University prof and the second from an analyst at the Brookings institute (a conservative think-tank) estimate the Real Cost of the War between $657 Billion and $2 Trillion dollars. Their estimates take into account the expected future costs of supporting the effort in Iraq plus all the lost wages and productivity by those killed plus the additional costs in fuel to Americans and all the other little details that insurance people like to compute, but the Bush administration claimed was too hard to calculate before the war.

The administration claims that you can’t pay too high a price to protect our freedom, but that is just the same kind of mindless bullshit that they sprout anytime dares question their judgment or decisions. If you look at the real numbers, we are less safe now then we ever have been. The number of terrorist attacks world-wide are up 3 times over last year which was up twice the year before. Both are all-time highs. The US invasion of Iraq is minting new US-hating terrorists everyday that we remain there. We are providing a rallying cry for radical leaders in the middle-east. With GWB’s saber-rattling towards Iran in the last few days it makes the problem even worse.

Meanwhile we are spending our Nation’s capital in both economic and moral senses on a needless folly that all the experienced voices in government disagreed with, but were shouted down or replaced with yes-men. Anytime someone at the Pentagon or within the administration questioned the military judgment of a group of chicken-hawks playing toy soldier with other people’s children, they were removed or asked to step down. That left no real voices of wisdom or real discussion within the White House. Now, we will be paying for that stupidity the rest of our and our children’s days.

GWB has left America bankrupt and with no moral authority or respect in the world. It is time that congress perform its oversight duties and impeach this cretin before he does any more damage to our once great nation.

By kevin

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