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[Becker-posner-blog.com] The Becker-Posner Blog: The Economics of the Iraq War--BECKER: These costs include the military equipment lost during the war and subsequent fighting, the value placed on deaths and injuries, increased depreciation of military equipment, higher cost of attracting enlistments to the military, and reconstruction aid to Iraq. Davis, Murphy, and Topel of the University of Chicago Graduate School of Business in "War in Iraq versus Containment", unpublished, February 15, 2006 make various estimates of the aggregate cost under different scenarios about how long the insurrection continues, the number of American lives that will be lost in the future, etc.
[Msnbc.msn.com] Cost of Iraq war could surpass $1 trillion - Martin Wolk: Eye on ...: Mitch Daniels, director of the White House budget office, quickly called the estimate "very, very high." Lindsey himself was dismissed in a shake-up of the White House economic team later that year, and in January 2003, Defense Secretary Donald Rumsfeld said the budget office had come up with "a number that's something under $50 billion." He and other officials expressed optimism that Iraq itself would help shoulder the cost once the world market was reopened to its rich supply of oil.
[Washingtonpost.com] Projected Iraq War Costs Soar: Yesterday, as the Senate debated a $106.5 billion bill to fund the wars in Iraq and Afghanistan and ongoing hurricane relief, 59 senators voted to divert $1.9 billion from President Bush's war-funding request to pay for new border patrol agents, aircraft and some fencing at border crossings widely used by illegal immigrants.
[Tpmcafe.com] The Cost of The War | TPMCafe: Other factors keeping costs high include inducements for recruits and for military personnel serving second and third deployments, extra pay for reservists and members of the National Guard, as well as more than $2 billion a year in additional foreign aid to Jordan, Pakistan, Turkey and others to reward their cooperation in Iraq and Afghanistan. The bill for repairing and replacing military hardware is $20 billion a year, according to figures from the Congressional Budget Office.
[Warincontext.org] THE WAR IN CONTEXT:: Iraq, the War on Terrorism, and the Middle ...: "There will be no bargaining with the crusaders and the apostates" in Iraq, bin Laden said in a clear reference to efforts by Prime Minister Nouri al-Maliki to draw insurgent groups into negotiations and amnesty agreements with his government. "There will be no half-solutions." Maliki and his appointed predecessors since the 2003 U.S. invasion of Iraq would be punished as soon as American military forces are defeated, he said.
[I'm Taking My Country Back! I'm For Holding the Hatriot's Feet In The Coals] You’d think George Bush would get down on his k... : Chávez, notes The Wall Street Journal, has become a “tropical IMF.” And indeed, as the Venezuelan president told me, he wants to abolish the Washington-based International Monetary Fund, with its brutal free-market diktats, and replace it with an “International Humanitarian Fund,” an IHF, or more accurately, an International Hugo Fund. In addition, Chávez wants OPEC to officially recognize Venezuela as the cartel’s reserve leader, which neither the Saudis nor Bush will take kindly to.
Reflected tags on Technorati: Blog, Iraq War, Iran Reviews
