US News War costs could total $1.6 trillion by 2009, panel estimates

New_U.S.

New_U.S.

ITS OVER 9000!
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Panel: War costs for a family of four = $20,900

WASHINGTON (CNN) -- The total economic impact of the wars in Iraq and Afghanistan is estimated at $1.6 trillion by 2009, a congressional committee said in a report released Tuesday

That is nearly double the $804 billion in direct war costs the White House requested so far from Congress, the Joint Economic Committee said.

The committee estimated $1.3 trillion in war costs by the end of 2008 for Iraq, and the remainder for Afghanistan.

The total war costs could grow to $3.5 trillion by 2017, the committee estimated.

War costs could total $1.6 trillion by 2009, panel estimates - CNN.com

The total economic impact of the wars in Iraq and Afghanistan is estimated at $1.6 trillion by 2009, a congressional committee said in a report released Tuesday.
www.cnn.com
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Aqua Dragon

Aqua Dragon

I'm made of water. Remember that now.
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What the...
...
Well, the next president is in 2008, maybe we won't have to pay so much if he does something babout this :D
 
Rapmaster

Rapmaster

Ultra Cool Member
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Before people start wondering "what if" the money was spent on other things, I'd wonder if that money would even have existed otherwise. Governments can basically just create money out of nowhere. Just weakens the economy i.e. the US dollar
 
seph ir oth

seph ir oth

Mod'n Dat News Jon
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Rapmaster said:
Before people start wondering "what if" the money was spent on other things, I'd wonder if that money would even have existed otherwise. Governments can basically just create money out of nowhere. Just weakens the economy i.e. the US dollar
Click to expand...

Ah, but they can't just print money like that, else the dollar would fail, and the US economy would crash. And governments usually don't want their economies to crash...

However, look on the bright side. Most the money is going towards the troops and their equipment, food, entertainment, etc. which they buy from the American economy, which helps fuel the economy, slowing down its decline (if you watch stocks, you know what I'm talking about...stupid Dow Jones...).
 
DDRtists

DDRtists

ɹoʇɐɹǝpoɯ ɹǝdns
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You can't tell me the government doesn't create money when it needs it... :rolleyes:
 
seph ir oth

seph ir oth

Mod'n Dat News Jon
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DDRtists said:
You can't tell me the government doesn't create money when it needs it... :rolleyes:
Click to expand...

Not all the time DDRtist, otherwise the Canadian dollar would be worth 10x the US dollar.
 
Sim

Sim

Forum Administrator
Staff member
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Cool.

If they decided to invest that much in wars, then so be it.

Let's see what the future has to say about this though. Sometimes his opinion is... rather important :)
 
seph ir oth

seph ir oth

Mod'n Dat News Jon
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Daxtreme said:
Let's see what the future has to say about this though. Sometimes his opinion is... rather important :)
Click to expand...

The future? I don't believe in a good future for America >.> that's why I'm investing into foreign markets (South Korea, China, random European companies). I suggest that if you are a stockholder, you start doing the same while they are cheap.
 
D

dunpealx4

Guest
holy cow! $1.6 tril. im not a greedy person, so just give me 1%, thats all i ask for. ;)
 
Prometheus

Prometheus

Everything is mutable; nothing is sacred
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We need to drop funding for the military and the space program for at least 2 years.
Bam! Watch our economy rise!
 
J

JuffoWup

New Member
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6
I wonder when average american's education level breaks the
point where they understand what their government is doing to them.

Civil War is a good thing, clears out the bad blood and all that
 
Prometheus

Prometheus

Everything is mutable; nothing is sacred
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589
Gates is 60 Billion, Around 26 2/3 Gates Fortunes.
 
S

Sevion

The DIY Ninja
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413
So..... 26.6666666666666666666666666666666666666666 Bill Gates? *Calls Bill Gates* You better start multiplying! We need 26.66666666666 of you and your fortune!
 
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