01-23-2015, 01:05 PM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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Quote:
Originally Posted by whell
Hmmm...wasn't there a World War going on in 1944 that we were trying to finance our participation in? Not that a little thing like that would make any difference in tax policy and revenue collections....  |
http://www.csmonitor.com/Business/ne...n-World-War-II
Quote:
Iraq war will cost more than World War II
Throw in the replacement of vehicles, weapons, equipment, etc., and the eventual tab for the United States could reach $4 trillion to $6 trillion, according to University of Columbia economist Joseph Stiglitz and Harvard University budget expert Linda Bilmes. Those are big numbers.
They would be on par with the $4.6 trillion the US spent on the recent financial bailouts, according to Barry Ritholtz, CEO of Wall Street research firm Fusion IQ and author of the popular blog The Big Picture. (Another estimate puts the bailout cost at $8.7 trillion.) The sum spent on the Iraq war could pay for a good chunk of Obamacare, professor Bilnes estimates. It’s more than the $3.6 trillion the US spent to fight World War II, even after adjusting for inflation, Mr. Ritholtz estimates.
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And that's just for Iraq. Then we have Afghanistan.
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