"Need I say more?"
"The White House released budget figures yesterday indicating that the new Medicare prescription drug benefit will cost more than $1.2 trillion in the coming decade, a much higher price tag than President Bush suggested when he narrowly won passage of the law in late 2003."
http://www.washingtonpost.com/wp-dyn/articles/A9328-2005Feb8.html
Probably not.
Kyoto has cost the rest of the world about 350 billion without having any significant result unless creating corruption is a result desired. Had the US signed it, we could have easily spent twice this amount, and again without any result in terms of climate, but a lot more corruption.
Cost of 911:
"Immediately after the attacks, leading forecast services sharply revised downward their projections of economic activity. The consensus forecast for U.S. real GDP growth was instantly downgraded by 0.5 percentage points for 2001 and 1.2 percentage points for 2002. The implied projected cumulative loss in national income through the end of 2003 amounted to 5 percentage points of annual GDP, or half a trillion dollars.
...
Overall however the short-term adverse economic impact of the attacks was far less than feared initially, thanks in large part to good economic crisis management. The Federal Reserve, the Administration and Congress acted quickly to restore confidence, inject liquidity and provide resources to deal with the consequences of the attacks. The Federal Reserve by lowering the price of credit and temporarily providing vast amounts of liquidity helped safeguard the integrity of the financial system and saved many firms from bankruptcy."
http://www.ccc.nps.navy.mil/si/aug02/homeland.asp
So, if you added all cost from 911 it's probably cost us more than GWOT effort- and if the GWOT reduced the chance of another major attack [we haven't had one in the US since 911 {almost 6 years} by say 50% then it saves us potential cost of hundreds of billions dollars.
If we leave Iraq before Iraq can defend itself, resulting feeding frenzy may distract the terrorists for a year or so, but after this and with Afghanistan type base of operation we could expect further attacks upon America itself and of of course nearly immediate attacks on US interests in the region and affect the global economy.
Current Events » in reply to Sum up the money we have spent in Iraq, and will spend in Iraq
re: Sum up the money we have spent in Iraq, and will spend in Iraq
The whole thread (57 posts)
- Sicko
- The start of the HMO began in Nixon's Oval Office
- Movie Trailer Available
- Good grief.
- TB..I am on board with you on this one
- re: Good grief.
- re: Good grief.
- The numbers will doubtless comfort the families who were denied insurance or denied service on policies they thought they had.
- re: Good grief.
- Numbers
- Liberal myth. I'm sure it doesn't happen.
- re: Liberal myth
- The problem -- "insurance" doesn't work for health
- This is one reason I really like Romney.
- Thanks for reminding me of that.
- In many ways, the "Christian Right" is the middle of the country.
- Everyone claims to be in the middle. (n/t)
- I got news for you
- My feelings on this are complicated...
- Kudos to you! (n/t)
- When did I say make it illegal?
- My feelings on this are complicated...
- In many ways, the "Christian Right" is the middle of the country.
- Thanks for reminding me of that.
- re: Liberal Fantasies aside
- ciao (n/t)
- re: Liberal myth
- Liberal myth. I'm sure it doesn't happen.
- Numbers
- re: Good grief.
- Sum up the money we have spent in Iraq, and will spend in Iraq
