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All Message Boards : How the "decider" broke the economy, FTG
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From: MSN NicknameRemedialSolarFlare  (Original Message)Sent: 12/28/2008 4:57 PM


http://groups.yahoo.com/group/NewWorldOrderWhistleBlowers3

--- On Sat, 12/27/08, petes farms <[email protected]> wrote:


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935 Lies by Residence bush videO
Bush's $1 Trillion War on Terror: Even <http://www.truthout.org/122608S>
Costlier Than Expected

Friday 26 December 2008
<http://www.time. com/time/ nation/article/ 0,8599,1868367, 00.html>
<http://www.time. com/time/ nation/article/ 0,8599,1868367, 00.html> by: Mark
Thompson, Time Magazine photo
The costly war on terror. (Illustration: Arcadio / Cagle Cartoons)
Washington - The news that President Bush's war on terror will soon have
cost the U.S. taxpayer $1 trillion - and counting - is unlikely to spread
much Christmas cheer in these tough economic times
<http://www.time. com/time/ nation/article/ 0,8599,1853823, 00.html> . A trio of
recent reports - none by the Bush Administration - suggests that sometime
early in the Obama presidency, spending on the wars started since 9/11 will
pass the trillion-dollar mark. Even after adjusting for inflation, that's
four times more than America spent fighting World War I, and more than 10
times the cost of 1991's Persian Gulf War (90 percent of which was paid for
by U.S. allies). The war on terror looks set to surpass the cost the Korean
and Vietnam wars combined, to be topped only by World War II's price tag of
$3.5 trillion.
The cost of sending a single soldier to fight for a year in Afghanistan
<http://www.time. com/time/ politics/ article/0, 8599,1865747, 00.html> or Iraq
is about $775,000 - three times more than in other recent wars, says a new
report from the private but authoritative Center for Strategic and Budgetary
Assessments. A large chunk of the increase is a result of the Administration
cramming new military hardware into the emergency budget bills it has been
using to pay for the wars.
These costs, of course, pale alongside the price paid by the nearly
5,000 U.S. troops who have lost their lives in the conflicts - not to
mention the wounded - and the families of all the casualties. And President
Bush insists that their sacrifice, and the expenditure on the wars, has
helped prevent a recurrence of 9/11. "We could not afford to wait for the
terrorists to attack again," he said last week at the Army War College. "So
we launched a global campaign to take the fight to the terrorists abroad, to
dismantle their networks, to dry up their financing and find their leaders
and bring them to justice."
But many Americans may suffer a moment of sticker shock from the
conclusions of the CSBA report, and similar assessments from the Government
Accounting Office and Congressional Research Service, which make clear that
the nearly $1 trillion already spent is only a down payment on the war's
long-term costs. The trillion-dollar figure does not, for example, include
long-term health care for veterans, thousands of whom have suffered
crippling wounds
<http://www.time. com/time/ magazine/ article/0, 9171,1806824, 00.html> , or the
interest payments on the money borrowed by the Federal government to fund
the war <http://www.time. com/time/ nation/article/ 0,8599,1687160, 00.html> .
The bottom lines of the three assessments vary: The CSBA study says $904
billion has been spent so far, while the GAO says the Pentagon alone has
spent $808 billion through last September. The CRS study says the wars have
cost $864 billion, but it didn't factor inflation into its calculations.
Sifting through Pentagon data, the CSBA study breaks down the total cost
for the war on terror as $687 billion for Iraq, $184 billion for
Afghanistan, and $33 billion for homeland security. By 2018, depending on
how many U.S. troops remain in Afghanistan and Iraq, the total cost is
projected likely to be between $1.3 trillion and $1.7 trillion. On the safe
assumption that the wars are being waged with borrowed money, interest
payments raise the cost by an additional $600 billion through 2018.
Shortly before the Iraq war began, White House economic adviser Larry
Lindsey earned a rebuke from within the Administration when he said the war
could cost as much as $200 billion. "It's not knowable what a war or
conflict like that would cost," Defense Secretary Don Rumsfeld said. "You
don't know if it's going to last two days or two weeks or two months. It
certainly isn't going to last two years."
According to the CSBA study, the Administration has fudged the war's
true costs in two ways: Borrowing money to fund the wars is one way of
conducting it on the cheap, at least in the short term. But just as
pernicious has been the Administration' s novel way of budgeting for them.
Previous wars were funded through the annual appropriations process, with
emergency spending - which gets far less congressional scrutiny - only used
for the initial stages of a conflict. But the Bush Administration relied on
such supplemental appropriations to fund the wars until 2008, seven years
after invading Afghanistan and five years after storming Iraq.
"For these wars we have relied on supplemental appropriations for far
longer than in the case of past conflicts," says Steven Kosiak of the CSBA,
one of Washington's top defense-budget analysts. "Likewise, we have relied
on borrowing to cover more of these costs than we have in earlier wars -
which will likely increase the ultimate price we have to pay." That refusal
to spell out the full cost can lead to unwise spending increases elsewhere
in the federal budget or unwarranted tax cuts. "A sound budgeting process
forces policymakers to recognize the true costs of their policy choices,"
Kosiak adds. "Not only did we not raise taxes, we cut taxes and
significantly expanded spending."
The bottom line: Bush's projections of future defense spending
"substantially understate" just how much money it will take to run Obama's
Pentagon, Kosiak says in his report. Luckily, Defense Secretary Robert Gates
plans to hang around to try to iron out the problem.
http://www.truthout .org/122608S
I learned a lot a little too late-Donut learn as I did, take care & beware-FTG The sun shineth upon the dunghill, & isnt corrupted. We fear things in proportion to our ignorance of them. Confutatis maledictis, flammis acribus addictis 
              


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