As Beth mentioned on her journal, we are going to watch the democratic debate tonight. So, here is some food for thought, just in case the subject of the Iraq War comes up. [Source: FORTUNE, 2/4/08]
Lawrence Lindsey, former chief economist to President Bush, estimated the potential economic cost of a war in Iraq in 2002. This estimate was developed prior to the actual start of hostilities.
Lindsey's estimate was 1-2% of GDP, which equates to about $80B per year. His estimate was a 2.5 year incursion. His estimate was $100-$200B. While his annual estimate was accurate, the duration was not. To date, we have spent more than $400B.
The interesting thing that is contained in Lindsey's book, "What a President Should Know...but Most Learn Too Late," is that what is often over looked is that even if we did not go to war, we would have had a major containment presence in the region, estimated to be $25-$35B per year.
As always, the issue is not an easy one. If there were WMD in Iraq, and we did nothing, the consequences would have been so much more dire for our country. Better to have engaged, and helped an oppressed people, than to have not acted at all.
Whether you agree or disagree with our involvement, understand that to leave now could have even more dire consequences.
Bucko :o)
2 comments:
Wouldn't it be wonderful if we could come up with the Right solution to the Worst problem. I don't see it happening. ~Mary
Mary, thanks for visiting and commenting. I saw The Giving Tree from Indigo's site, and visiting your journal today prompted me to turn on "Alerts" for the site. Thanks for being caring and helping others. Ken :o)
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