OpEdNews » SHOPPING SPREE! The $3 trilliion spendathon is on for us.

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Tag(s): Bush Failed Fiscal Policy; Bush Failure-in-Chief; Bush Spender-in-Chief; Bush Torturer-in-Chief; Congress; Creativity; Creativity; Detainees; Education; Education; (more...) Health; Healthcare; Hope Hopefulness; Iraq; Occupation; Shopping; Veterans (less...)
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April 14, 2008 at 23:38:16

SHOPPING SPREE! The $3 trilliion spendathon is on for us.

by ladybroadoak Page 3 of 3 page(s)

www.opednews.com

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$3 TRILLION isn't just how much the Iraq War will cost our government, it's how much it will cost our sputtering economy. When the Bush administration launched this war, they claimed Americans would not have to make sacrifices. They even cut taxes with the help of a Republican-led Congress, rather than raising them as had been done historically in times of war. According to Nobel laureate economist Joseph Stiglitz and Harvard professor Linda Bilmes in their book The Three Trillion Dollar War, we're fighting an unnecessary war on borrowed money. The war has caused our skyrocketing national debt. And more than anything else, the war has caused our recession.

Here's how $3 trillion breaks down:

$526 billion — borrowed money poured into Iraq so far
$615 billion — total interest costs for taxpayers
$280 billion — to rebuild our military
$590 billion — disability benefits and health care for Iraq veterans
$1.5 trillion — estimated costs through 2017

So do the "patriotic" thing. Start shopping right now:
http://www.3trillion.org/

-Matt

Matt Holland
TrueMajority.org Online Director

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Virginia Simson is a spiritual journalista/activist who runs a visionary planetary tutorial blogspot, www.ladybroadoak.blogspot.com as well as a blog on the uranium industry and depleted uranium at www.lowlevelradiation.blogspot.com. She feels that we must educate the young as to the real issues of the day - economics, clean energy, a drug free lifestyle, friendship and concern for the environment. We must plan for seven generations in the future. She unconditionally supports impeachment and a war crimes tribunal of the current DC administration - including CONgress.