The Cost Of Death, Destruction, And Suffering

Joseph Stiglitz, find Nobel Prize winner for Economics and once chief economist to the World Bank, medical had this to say recently about the cost of the Iraq war:

“We are talking at least between one and two trillion dollars now. To put that into perspective, cialis President Bush went to the American people at the beginning of his second term, saying that we have a major crisis with our Social Security system. For somewhere between a half and quarter of the cost of the war in Iraq you could have fixed all the problems associated with Social Security for the next 75 years and still have had a lot left over. Put in another way: We are now spending something like $10 billion a month—$120 billion dollars a year—on Iraq. The amount the entire world gives in foreign aid, on an annual basis, is about half that.”

Read the rest of the Mother Jones interview with Joe Stiglitz HERE.

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4 Replies to “The Cost Of Death, Destruction, And Suffering”

  1. To put it another way, RJA, I imagine this must be the greatest transfer of cash from ordinary tax-paying citizens to profiteering corporations in the history of the world.
    Quite a coup for little Dubya, the idiot son.
    XO
    WWW

  2. ** To put it another way, RJA, I imagine this must be the greatest transfer of cash from ordinary tax-paying citizens to profiteering corporations in the history of the world. **

    Bingo, Wisewebwoman. I’ve been saying (and posting) the same thing for years, albeit in ‘sound bite’ style.

    The greatest heist in history.

  3. Democracy Now interviewed him and his co-author. A pretty interesting part of the talk was about how the soldiers on the field are not given any slack. If they lose their helmets because they get injured, they are required to pay for the helmet, etc. while massive waste goes on. If you are interested, you can find it at http://www.democracynow.org/ – Friday’s show.

  4. WWW – absolutely. This was a war for profit, without doubt. Profit from oil, profit from weapons, profit from rebuilding, profit for the mercenaries, oops, sorry – contractors, etc, etc…

    TOB – bingo, indeed. Oh, and yes, you have.

    Flimsy – time has not been on my side of late, so I haven’t yet had chance to view that show. I will, as soon as time allows. Many thanks for the link.

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