{"id":5063,"date":"2008-03-27T11:51:51","date_gmt":"2008-03-27T17:51:51","guid":{"rendered":"http:\/\/impeachforpeace.org\/impeach_bush_blog\/?p=5063"},"modified":"2018-01-18T20:15:48","modified_gmt":"2018-01-19T02:15:48","slug":"recession-directly-traced-to-iraq-war-spending","status":"publish","type":"post","link":"https:\/\/impeachforpeace.org\/blog\/2008\/03\/recession-directly-traced-to-iraq-war-spending\/","title":{"rendered":"Recession directly traced to Iraq War spending"},"content":{"rendered":"<p><img decoding=\"async\" style='float: left; margin: 0px 15px 15px 0px; width: 250px;' src=\"https:\/\/impeachforpeace.org\/blog\/wp-content\/uploads\/2008\/03\/41nskdlngil.jpg\" alt=\"41nskdlngil.jpg\" align= \"left\"\/>Hot Potato Mash<br \/>\n<br \/>\nSupporters Of The Iraq Occupation Must Answer This Question<br \/>\n<br \/>\nThe NY Times&#8217; Nicholas D. Kristof believes that &#8220;staying in Iraq indefinitely undermines our national security by empowering jihadis&#8221;. He adds, that if you disagree with this assessment and &#8220;believe that staying in Iraq does more good than harm, you must answer the next question: Is that presence so valuable that it is worth undermining our economy?&#8221; All supporters of the continuing occupation of Iraq should be forced to answer that question in light of the following:<br \/>\n<br \/>\nGranted, the cost estimates are squishy and controversial, partly because the $12.5 billion a month that we&#8217;re now paying for Iraq is only a down payment. We&#8217;ll still be making disability payments to Iraq war veterans 50 years from now.<br \/>\nProfessor Stiglitz calculates in a new book, written with Linda Bilmes of Harvard University, that the total costs, including the long-term bills we&#8217;re incurring, amount to about $25 billion a month. That&#8217;s $330 a month for a family of four.<\/p>\n<p>A Congressional study by the Joint Economic Committee found that the sums spent on the Iraq war each day could enroll an additional 58,000 children in Head Start or give Pell Grants to 153,000 students to attend college. Or if we&#8217;re sure we want to invest in security, then a day&#8217;s Iraq spending would finance another 11,000 border patrol agents or 9,000 police officers.<\/p>\n<p>Imagine the possibilities. We could hire more police and border patrol agents, expand Head Start and rehabilitate America&#8217;s image in the world by underwriting a global drive to slash maternal mortality, eradicate malaria and deworm every child in Africa.<\/p>\n<p>All that would consume less than one month&#8217;s spending on the Iraq war.<\/p>\n<p>Moreover, the Bush administration has financed this war in a way that undermines our national security &#8212; by borrowing. Forty percent of the increased debt will be held by China and other foreign countries.<\/p>\n<p>&#8220;This is the first major war in American history where all the additional cost was paid for by borrowing,&#8221;\u009d Mr. Hormats notes. If the war backers believe that the Iraq war is so essential, then they should be willing to pay for it partly with taxes rather than charging it. (emphasis added)<\/p>\n<p>One way or another, now or later, we&#8217;ll have to pay the bill. Professor Stiglitz calculates that the eventual total cost of the war will be about $3 trillion. For a family of five like mine, that amounts to a bill of almost $50,000.<br \/>\nRead the entire <a href=\"http:\/\/www.nytimes.com\/2008\/03\/23\/opinion\/23kristof.html?_r=2&#038;oref=slogin&#038;oref=slogin\">Kristof Op-Ed<\/a>.<br \/>\n<br \/>\n(Source)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hot Potato Mash Supporters Of The Iraq Occupation Must Answer This Question The NY Times&#8217; Nicholas D. Kristof believes that &#8220;staying in Iraq indefinitely undermines our national security by empowering jihadis&#8221;. He adds, that if you disagree with this assessment and &#8220;believe that staying in Iraq does more good than harm, you must answer the&#8230;<\/p>\n","protected":false},"author":3,"featured_media":5062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[122,3],"tags":[],"class_list":["post-5063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bush_era","category-impeachment-related-oped"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Recession directly traced to Iraq War spending &#8226; Impeach for Peace<\/title>\n<meta name=\"description\" content=\"Citizen&#039;s impeach strategy. 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