Big Bucks

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Fiel a Verdad
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http://www.thestar.com/NASApp/cs/Co...le&cid=1134601812832&call_pageid=968332188492

U.S. war tab zeroes in on half-trillion dollars
Pentagon drafting request for extra $100 billion

Spiralling costs hurting nation's poorest

Dec. 15, 2005. 01:00 AM

TIM HARPER
WASHINGTON BUREAU [Toronto Star]

WASHINGTON—Even in a town where 12-figure numbers are routinely tossed around over morning coffee, half a trillion bucks is a hefty chunk of change.

It is half the Canadian Gross Domestic Product, 20 times what a Stephen Harper-led government would be spending on the Canadian military in 2010 and it is what the George W. Bush-led wars in Afghanistan and Iraq will have cost Americans some time in 2006.

The Pentagon is drafting a wartime request to the U.S. Congress for another $80 billion to $100 billion (U.S.) early next year, members of both parties say, in addition to the $50 billion Congress will hand over in supplemental funding before it leaves on its Christmas break.

That would put the military outlay to $450 billion and counting, pocket change from the half a trillion mark.

The Iraq war alone is costing U.S. taxpayers $5 billion per month and even if today's elections are successful and American troops start returning home in 2006, the money will still be needed to bring back personnel and equipment.

In 1991, Operation Desert Storm cost $91 billion, but because president George H.W. Bush cobbled together a real coalition, the American tab came to $7 billion, said Terry Anderson, a historian at Southern Methodist University in Texas.

"That is the difference between fighting a war as part of a true coalition and fighting a war on your own,'' he said.

Yet the price tag of the war receives a fraction of attention in this country compared to the American death toll, or to faulty pre-war intelligence. "That's because if you just asked the average American what our annual budget is, they wouldn't be able to hazard a guess,'' Anderson said. "They just don't know, so this means nothing to them.''

[…]

Phyllis Bennis, who has studied the cost of war for the liberal Institute for Policy Studies, says there has been a sacrifice by the lowest echelons of American society.
"It's true there hasn't been a call from the president for the American people to share the sacrifice,'' Bennis said. "But it is the poorest sector which is paying because of massive cutbacks in health care, education, every facet of social assistance being slashed to pay for this war.''
She said CEOs of war-related companies have seen their salaries increase 200 per cent since Sept. 11, 2001, while Americans who need food stamps are not getting them.


In 2005 dollars, World War II was more expensive and Vietnam is marginally more expensive, so far.
[…]

Half a trillion is a hard number to wrap one's head around.
By way of comparison, the U.S. education department has an annual budget of $71.5 billion, although education is primarily a state and local responsibility. Homeland Security has a $34.2 billion budget this year, and the defence department expects to maintain its $443 billion annual budget next year. The war costs are about eight times what Congress has earmarked to rebuild the U.S. Gulf Coast after hurricanes Rita and Katrina.

One figure that dwarfs even the war expenditures is the $598.3 billion U.S. trade deficit in the first 10 months of this year.


White House spokesperson Scott McClellan would not confirm the new war requests yesterday, but he told reporters the troops in Afghanistan and Iraq will be given what is needed to win. Much of the money will have to go to replace equipment which has been badly damaged in Iraq.
Additional articles by Tim Harper
 
Half a trillion...@300 million US population...

...works out to about $1,666.66 per person, or $6666.64 per family of four.

Where exactly is this money coming from? Treasury bonds?
 
LadyJeanne said:
Half a trillion...@300 million US population...

...works out to about $1,666.66 per person, or $6666.64 per family of four.

Where exactly is this money coming from? Treasury bonds?
What's worse is that though Bushy-boy admitted to going to war based on bad intelligence (there's a joke in and of itself, there) he would have done it even if he had good intelligence (another joke waiting to happen) in the first place.

Dubbya is perfectly happy spending our money of crap scemes that will cost the taxpayers and lives, especially from those who cannot afford it. And why not? Once he gets what he wants over there he'll be sitting in the clear with all his oil buddies reaping the benefits that we're paying for.

:cool:
 
I don't believe the social services are being slashed "to pay for this war." I think they have been slashed for good, because the Republicans have always wanted to slash 'em. Now, evidently, they can slash away with impunity. Both houses of Congress and the presidency. They can slash right through the bones of the poorest Americans, now. Yippee! Kill the poor!
 
but you agree benefits have been slashed, and--I think-- agree that for this reason and the 'volunteer' army, the war is fought on the backs of the poor.

the thing about US gov spending: where are the bucks going--they are either given or paid out to (mostly) US people. to whom is the 450 billion flowing?

take the number of soldiers in Iraq, and add together all of their salaries. one gets, for a year, surely a figure under 6 billion. For two years, 12 billion or about 2.7% of the total 450 billion. Add in all benefits paid to children and spouses; so let's double that figure. Conclusion, perhap 5% has gone to the fighters and their families.

add in all support persons at a ratio of 3:1, and that would be 15% of the total, yielding (along with the 5%) perhaps about 20% of the 450 billion going to those involved in the war and fighting (i.e., 90 billion).

where does the rest go?
 
LadyJeanne said:
Half a trillion...@300 million US population...

...works out to about $1,666.66 per person, or $6666.64 per family of four.

Where exactly is this money coming from? Treasury bonds?
No, they just print as much as they need. ;)
 
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