War Costing $720 Million Each Day

[Andre II]

The money spent on one day of the Iraq war could buy homes for almost 6,500 families or health care for 423,529 children, or could outfit 1.27 million homes with renewable electricity, according to the American Friends Service Committee, which displayed those statistics on large banners in cities nationwide Thursday and Friday.

The war is costing $720 million a day or $500,000 a minute, according to the group's analysis of the work of Nobel Prize-winning economist Joseph E. Stiglitz and Harvard public finance lecturer Linda J. Bilmes.
The estimates made by the group, which opposes the conflict, include not only the immediate costs of war but also ongoing factors such as long-term health care for veterans, interest on debt and replacement of military hardware.

"The wounded are coming home, and many of them have severe brain and spinal injuries, which will require round-the-clock care for the rest of their lives," said Michael McConnell, Great Lakes regional director of the AFSC, a peace group affiliated with the Quaker church.
http://www.washingtonpost.com/wp-dyn/content/article/2007/09/21/AR2007092102074.html

[GreenTea]

1. It's simply a war for corporate profits...Just look where the money is going....

look who is benefiting from hundreds of billions of our tax dollars (and we will be sending hundreds of billions more dollars next year and the year after).

These same republican corporations who support Bush and the war/occupation - they also own & control the media....They are stealing billions of dollars; LOCKHEED-MARTIN, ALLIANT TECHSYSTEMS, HALLIBURTON, KELLOGG BROWN & ROOT, BLACKWATER, BWX TECHNOLOGIES, GENERAL ELECTRIC, BECHTEL, NORTHROP GRUMMAN, RAYTHEON, THE BOEING COMPANY, GENERAL DYNAMICS, BAE SYSTEMS INC.

And how about the oil corporations like EXXON & the rest, stealing unmetered Iraq oil & claiming the rights to future exploitation...hundreds of billion to trillions of dollars more for them, as they shamelessly gouge us every day at the pump for even more profits...Our troops are dying to protect their stealing for profits.... the republicans and their corporations will continue to lie and distort to keep this war for profit going for many, many years and they are hoping to get oil rich Iran in the mix to guaranteeing it goes on forever, stealing billions of our tax dollars a moth for these corporations and republican donors.

[Eagle_Eye]

2. :You got that right!

It hurts me to think that American tax dollars are going to pay the contract for the Blackwater mercenaries. little gorge has has a private mercenary army to enforce policy in Iraq that the true professional military leaders would not touch with a 10 foot pole.

And we get to pay for it.