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$600 Billion dollars in perspective

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 08:07 AM
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$600 Billion dollars in perspective
Remember when Lawrence B. Lindsey said the Iraq war "might" cost $200 billion dollars and Bush fired his ass.

http://en.wikipedia.org/wiki/Lawrence_B._Lindsey

The Iraq controversy

On September 15, 2002 in an interview with the Wall Street Journal, Lindsey estimated the high limit on the cost of the Bush administration's plan in 2002 of invasion and regime change in Iraq to be 1-2% of GNP, or about $100-$200 billion. Mitch Daniels, Director of the Office of Management and Budget, subsequently discounted this estimate as "very, very high" and stated that the costs would be between $50-$60 billion.<2> This lower figure was endorsed by Defense Secretary Donald Rumsfeld who called Lindsey's estimate "baloney".

As of 2007 the cost of the invasion and occupation of Iraq exceeded $400 billion, and the Congressional Budget Office in August 2007 estimated that appropriations would eventually reach $1 trillion or more. On September 20, 2007, the Congressional Budget Office estimated the future annual costs of continuing occupation in Iraq to be between $25 and $30 billion.

Nobel Prize winning economist Joseph Stiglitz has predicted in 2006 that the war will cost between $1-2 trillion.

In October 2007, the Congressional Budget Office estimated that by 2017, the total costs of the wars in Iraq and Afghanistan could reach $2.4 trillion. In response, Democratic Representative Allen Boyd criticized the administration for firing Lindsey, saying "They found him a job outside the administration."

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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 08:11 AM
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1. The Bush* Administration or in fact Republicans can not be trusted
You are right that they give numbers that can't be trusted but the whole reasons they give can not be trusted either. They have LIED to us at every single opportunity so why should anyone believe anything they say now? They are Lieing Con Artists out to fleece America for one last major haul.
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