Sunday, February 26, 2006

Who supports the Liars in the White House

Do you remember Lawrence Lindsey? He was one of King George’s II economic policy advisor's and Director of the National Economic Council from 2001 to 2002. He was fired in 2002 after suggesting that the Iraq War would cost upwards of $200 billion. The official administration propaganda at the time said the war would cost $60 billion. They also said we would be greeted as liberators and showered with flowers.

Mr. Lindsey was wrong. Congress has already appropriated $357 billion for Iraq and Afghanistan. Remember, these cost are on top of the $400+ billion a year we already spend on defense.

It gets worse. According to a new economic study by Joseph Stiglitz, a former Chief Economist of the World Bank and a Nobel Prize winner in economics, the future cost of our current war/occupation will be between $1 trillion to $2 trillion.

This nation spent $800 billion adjusted for inflation to fight the war in Vietnam. However this isn’t the true cost of a war. An additional $1 trillion was spent on Veterans benefits and interest payments after the war.

What does this mean to you and your family? It comes out to be about $19,600 per U.S. Household. That would have been enough to finance the shortfall in Social Security for 150 to 300 years.

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