
05-21-2008
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President
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Member Since: Jan 2004
Location: Tallahassee, FL
Posts: 11,624
    
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Re: Oil hits $114/barrel - No end in sight.
Quote:
Originally Posted by Norrin Radd
On one side are economists, backed by those in the nonpartisan CBO and not surprisingly favored by the White House, who believe the war will cost $1.7 trillion through 2017.
On the other side are economists, led by Nobel laureate and Clinton administration adviser Joseph Stiglitz, who calculate that the real figure is more like $3 trillion and that in some scenarios it could be considerably more.
So how do they come up with the 3 trillion dollar figure?
Stiglitz, co-author with Harvard economist Linda Bilmes of "The Three Trillion Dollar Conflict: The True Cost of the Iraq War," says projections below $2 trillion are not taking into account a number of collateral issues. One cost, known as “resetting” the U.S. military, for instance, will take a decade at least to sort out — replacing the huge amount of equipment and talent worn out or lost in the fighting.
Cost of Iraq war hinges on oil question - Stocks & economy - MSNBC.com
So, 1.7 trillion, or 3 trillion, either way it is a sickening amount of money.
While some people are willing to do anything to feel safer, it isn't real, it is an illusion.
Most of the hijackers were Saudi, their leader was Saudi, half of the suicide bombers in Iraq are Saudi, yet it is claimed that Saudi Arabia is our ally. Yeah right.
Most experts believe that Osama, if he is still alive, is hiding in Pakistan, it is wlel known many new terrorists are being trained in Pakistan, yet Pakistan will not let us search for terrorists in their country. So, what do we do? Well of course we make Pakistan the recipient of the largest increase in foreign aid since 911 so we can make sure they are able to keep churning out more terrorists, so they can be used to scare pathetic, sniveling cowards into giving up more and more of their freedoms.
Sure is working well.
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Obvisouly its more complex than the average citizen can understand. WHich is why we elect leaders to make those decisions. I cant pretend to have all the information that the President does.
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