Not makeing enough money? Everone should read this. - GoFuckYourself.com

Bake · 03-06-2008, 05:07 PM

The true cost of war In 2005, a Nobel prize-winning economist began the painstaking process of calculating the true cost of the Iraq war. In his new book, he reveals how short-sighted budget decisions, cover-ups and a war fought in bad faith will affect us all for decades to come. Aida Edemariam meets Joseph Stiglitz
Some time in 2005, Stiglitz and Linda Bilmes, who also served as an economic adviser under Clinton, noted that the official Congressional Budget Office estimate for the cost of the war so far was of the order of $500bn. The figure was so low, they didn't believe it, and decided to investigate. The paper they wrote together, and published in January 2006, revised the figure sharply upwards, to between $1 and $2 trillion. Even that, Stiglitz says now, was deliberately conservative: "We didn't want to sound outlandish."

Link to the whole story
http://www.guardian.co.uk/world/2008...aq.afghanistan

By way of context, Stiglitz and Bilmes list what even one of these trillions could have paid for: 8 million housing units, or 15 million public school teachers, or healthcare for 530 million children for a year, or scholarships to university for 43 million students. Three trillion could have fixed America's social security problem for half a century.

dav3 · 03-06-2008, 05:34 PM

It's not about solving problems for the American people. It's about creating problems for the people, and profiting from them.

helic0pter · 03-06-2008, 05:38 PM

Yep it's pretty ridiculous how much money has been wasted and much good it could have done elsewhere. Now top executives at numerous companies including Haliburton and Blackwater among many, many others are rolling around in all that money.

Don't forget that everyone in the Bush administration will also be rolling around in that money after they leave office as a thank you from all the companies they literally 'hooked up' to fuck over everyone else and the country.

Bake · 03-06-2008, 05:46 PM

Whatever the much argued reasons for bombing Baghdad, cheap oil has not been the result. In fact, the price of oil has climbed from $25 a barrel to $100 in the past five years - great for oil companies, and oil-producing countries, who, along with the contractors, are the only beneficiaries of this war, but not for anyone else. After calculations based on futures markets, Stiglitz and Bilmes conclude that a significant proportion of this rise is directly due to the disruptions and instabilities caused by Iraq. This price rise alone has cost the US, which imports about 5bn barrels a year, an extra $25bn per year; projecting to 2015 brings that number to an extra $1.6 trillion on oil alone (against which the recent $125bn stimulus package is simply, as Stiglitz puts it, "a drop in the bucket").

devilspost · 03-06-2008, 06:25 PM

They invaded create higher oil prices.

Socks · 03-06-2008, 06:31 PM

There's a reason 1% of the people own like 90% of the wealth.

This is how it's done.

V_RocKs · 03-06-2008, 06:41 PM

Everyone in this administration should be jailed.

tranza · 03-06-2008, 06:45 PM

What does that have to do with people not making enough money?

Bake · 03-06-2008, 07:06 PM

Quote:

Originally Posted by tranza

What does that have to do with people not making enough money?

This War is killing your spending power of the average consumer

Bake · 03-07-2008, 12:43 AM

Come on guys read the artical before you post

dav3 · 03-07-2008, 01:32 AM

Quote:

$1 trillion
The interest America will have paid by 2017 on the money borrowed to finance the war

Nice scheme they have, with that whole "National Reserve" thing.

spunkmaster · 03-07-2008, 01:39 AM

"$1 trillion
The interest America will have paid by 2017 on the money borrowed to finance the war"

Either Bush is Lying or the Democrats are Lying because both are saying the
budget will be balanced by 2012 !

dav3 · 03-07-2008, 01:43 AM

It will never be balanced as long as the government borrows from the national reserve.

Paul Markham · 03-07-2008, 04:48 AM

The money is only part of the problem. The hate will go on for a lot longer.

A nice comparison graph would be America's wealth, American citizens wealth, world economy wealth and GWB's wealth over the last 8 years.

We got fucked by a guy who couldn't pass a decent school exam. Who's the stupid ones?

snaker · 03-07-2008, 04:57 AM

Quote:

Originally Posted by dav3

It's not about solving problems for the American people. It's about creating problems for the people, and profiting from them.

Interesting take

Iron Fist · 03-07-2008, 06:18 AM

Quote:

Originally Posted by Bake

This War is killing your spending power of the average consumer

I keep hearing this recession word being tossed around ....

Bake · 03-07-2008, 07:11 PM

Its very doom and gloom and if american people keep voteing guys like this in you will allways get the goverment you deserve

03-06-2008, 05:07 PM	#1
Bake Confirmed User Industry Role: Join Date: Jan 2001 Location: Outback of bumfuck Aussie Posts: 5,506	Not makeing enough money? Everone should read this. The true cost of war In 2005, a Nobel prize-winning economist began the painstaking process of calculating the true cost of the Iraq war. In his new book, he reveals how short-sighted budget decisions, cover-ups and a war fought in bad faith will affect us all for decades to come. Aida Edemariam meets Joseph Stiglitz Some time in 2005, Stiglitz and Linda Bilmes, who also served as an economic adviser under Clinton, noted that the official Congressional Budget Office estimate for the cost of the war so far was of the order of $500bn. The figure was so low, they didn't believe it, and decided to investigate. The paper they wrote together, and published in January 2006, revised the figure sharply upwards, to between $1 and $2 trillion. Even that, Stiglitz says now, was deliberately conservative: "We didn't want to sound outlandish." Link to the whole story http://www.guardian.co.uk/world/2008...aq.afghanistan By way of context, Stiglitz and Bilmes list what even one of these trillions could have paid for: 8 million housing units, or 15 million public school teachers, or healthcare for 530 million children for a year, or scholarships to university for 43 million students. Three trillion could have fixed America's social security problem for half a century. __________________ Buy great domains from drunken burned out old webmaster CHEAP bullseyeporn.com art-met.com and more. Learn how to make a easy extra $500 per week

03-06-2008, 05:34 PM	#2
dav3 Confirmed User Industry Role: Join Date: May 2007 Posts: 7,348	It's not about solving problems for the American people. It's about creating problems for the people, and profiting from them. __________________ Webmasters :: Juicy Ads :: ACWM :: Crak Revenue :: Money Tree

03-06-2008, 05:38 PM	#3
helic0pter Confirmed User Join Date: Feb 2008 Posts: 155	Yep it's pretty ridiculous how much money has been wasted and much good it could have done elsewhere. Now top executives at numerous companies including Haliburton and Blackwater among many, many others are rolling around in all that money. Don't forget that everyone in the Bush administration will also be rolling around in that money after they leave office as a thank you from all the companies they literally 'hooked up' to fuck over everyone else and the country. __________________ Looking To Buy A Website And Flip It For Cash? Trying To Sell A Website For Some Quick Money? Check Out BuyEstablishedWebsites.com To Buy and Sell Websites. Plus A Forum For Discussion.

03-06-2008, 05:46 PM	#4
Bake Confirmed User Industry Role: Join Date: Jan 2001 Location: Outback of bumfuck Aussie Posts: 5,506	Whatever the much argued reasons for bombing Baghdad, cheap oil has not been the result. In fact, the price of oil has climbed from $25 a barrel to $100 in the past five years - great for oil companies, and oil-producing countries, who, along with the contractors, are the only beneficiaries of this war, but not for anyone else. After calculations based on futures markets, Stiglitz and Bilmes conclude that a significant proportion of this rise is directly due to the disruptions and instabilities caused by Iraq. This price rise alone has cost the US, which imports about 5bn barrels a year, an extra $25bn per year; projecting to 2015 brings that number to an extra $1.6 trillion on oil alone (against which the recent $125bn stimulus package is simply, as Stiglitz puts it, "a drop in the bucket"). __________________ Buy great domains from drunken burned out old webmaster CHEAP bullseyeporn.com art-met.com and more. Learn how to make a easy extra $500 per week

03-06-2008, 06:25 PM	#5
devilspost Confirmed User Industry Role: Join Date: Feb 2004 Location: Tampa yomebe -at- hotmail Posts: 3,980	They invaded create higher oil prices. __________________ Brothels and Escorts Worldwide.

03-06-2008, 06:31 PM	#6
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	There's a reason 1% of the people own like 90% of the wealth. This is how it's done.

03-06-2008, 06:41 PM	#7
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,422	Everyone in this administration should be jailed.

03-06-2008, 06:45 PM	#8
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	What does that have to do with people not making enough money? __________________ I'm just a newbie.

03-07-2008, 12:43 AM	#10
Bake Confirmed User Industry Role: Join Date: Jan 2001 Location: Outback of bumfuck Aussie Posts: 5,506	Come on guys read the artical before you post __________________ Buy great domains from drunken burned out old webmaster CHEAP bullseyeporn.com art-met.com and more. Learn how to make a easy extra $500 per week

03-07-2008, 01:39 AM	#12
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	"$1 trillion The interest America will have paid by 2017 on the money borrowed to finance the war" Either Bush is Lying or the Democrats are Lying because both are saying the budget will be balanced by 2012 ! __________________

03-07-2008, 01:43 AM	#13
dav3 Confirmed User Industry Role: Join Date: May 2007 Posts: 7,348	It will never be balanced as long as the government borrows from the national reserve. __________________ Webmasters :: Juicy Ads :: ACWM :: Crak Revenue :: Money Tree

03-07-2008, 04:48 AM	#14
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	The money is only part of the problem. The hate will go on for a lot longer. A nice comparison graph would be America's wealth, American citizens wealth, world economy wealth and GWB's wealth over the last 8 years. We got fucked by a guy who couldn't pass a decent school exam. Who's the stupid ones? __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

03-07-2008, 07:11 PM	#17
Bake Confirmed User Industry Role: Join Date: Jan 2001 Location: Outback of bumfuck Aussie Posts: 5,506	Its very doom and gloom and if american people keep voteing guys like this in you will allways get the goverment you deserve __________________ Buy great domains from drunken burned out old webmaster CHEAP bullseyeporn.com art-met.com and more. Learn how to make a easy extra $500 per week