CHESSNOID

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War in Iraq Killing American Economy

Posted on Apr 30, 2008 by CHESSNOID in Uncategorized | 0 Comments


I don’t think most people put the two together
. Where did we get the money to finance the War in Iraq? We didn’t. We went into a deficit. Basically we charged it on the biggest credit line: the US economy. Is it possible that we are getting ready to miss the next payment. The cost of the war has been passed on to the economy in the form of a housing bust. The federal reserve is changing directions of the interest rates like the volume of our television sets trying to figure out what volume is needed to get back to sound of prosperity. All the meanwhile gas prices gush up to never before seen amounts by the American consumer.I have posted this before on my blog, but it never seems to get old to me. It is probably because we see the effects of it everyday now in all our daily activities. Here are the tradeoffs :

Taxpayers in the United States will pay $137.6 billion for the cost of the Iraq War in FY 2007. For the same amount of money, the following could have been provided:
40,554,560 People with Health Care for One Year OR
142,451,458 Homes with Renewable Electricity for One Year OR
2,971,922 Public Safety Officers for One year OR
2,359,700 Music and Arts Teachers for One Year OR
21,273,964 Scholarships for University Students for One Year OR
10,090 New Elementary Schools OR
1,070,377 Affordable Housing Units OR
60,647,465 Children with Health Care for One Year OR
18,882,942 Head Start Places for Children for One Year OR
2,260,370 Elementary School Teachers for One Year OR
1,988,080 Port Container Inspectors for One year

Notes and Sources
Go to Cost of War Counter

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