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The Economic Costs Of The Iraq War
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Book Synopsis War at Any Price? by : Charles E. Schumer
Download or read book War at Any Price? written by Charles E. Schumer and published by DIANE Publishing. This book was released on 2008-03 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long wars in Iraq & Afghanistan have cost the U.S. in many ways. For the U.S. mil., the human toll has been profound. The damage to our internat. reputation has been severe. And the full econ. costs of the war to the Amer. taxpayers & the overall U.S. economy go well beyond even the immense fed. budget costs. The ¿hidden costs¿ of the Iraq war include: the ongoing drain on U.S. econ. growth created by Iraq-related borrowing, the disruptive effects of the conflict on world oil markets, the future care of our injured vets, repair costs for the mil., & other undisclosed costs. This report estimates the total costs of the long war in Iraq to the Amer. economy as a whole. A change in course would bring substantial econ. savings to our country. Illus.
Book Synopsis The Three Trillion Dollar War: The True Cost of the Iraq Conflict by : Linda J. Bilmes
Download or read book The Three Trillion Dollar War: The True Cost of the Iraq Conflict written by Linda J. Bilmes and published by W. W. Norton & Company. This book was released on 2008-02-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The true cost of the Iraq War is $3 trillion—and counting—rather than the $50 billion projected by the White House. Apart from its tragic human toll, the Iraq War will be staggeringly expensive in financial terms. This sobering study by Nobel Prize winner Joseph E. Stiglitz and Harvard professor Linda J. Bilmes casts a spotlight on expense items that have been hidden from the U.S. taxpayer, including not only big-ticket items like replacing military equipment (being used up at six times the peacetime rate) but also the cost of caring for thousands of wounded veterans—for the rest of their lives. Shifting to a global focus, the authors investigate the cost in lives and economic damage within Iraq and the region. Finally, with the chilling precision of an actuary, the authors measure what the U.S. taxpayer's money would have produced if instead it had been invested in the further growth of the U.S. economy. Written in language as simple as the details are disturbing, this book will forever change the way we think about the war.
Book Synopsis The Economic Costs of the Iraq War by : Linda Bilmes
Download or read book The Economic Costs of the Iraq War written by Linda Bilmes and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and accounting/ budgetary frameworks. As of December 30, 2005, total spending for combat and support operations in Iraq is $251bn, and the CBO's estimates put the projected total direct costs at around $500bn. These figures, however, greatly underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO projection, such as lifetime healthcare and disability payments to returning veterans, replenishment of military hardware, and increased recruitment costs. We then make adjustments to reflect the social costs of the resources deployed, (e.g. reserve pay is less than the opportunity wage and disability pay is less than forgone earnings). Finally, we estimate the effects of the war on the overall performance of the economy. Even taking a conservative approach and assuming all US troops return by 2010, we believe the true costs exceed a trillion dollars. Using the CBO's projection of maintaining troops in Iraq through 2015, the true costs may exceed $2 trillion. In either case, the cost is much larger than the administration's original estimate of $50-$60bn. The costs estimated do not include those borne by other countries, either directly (military expenditures) or indirectly (the increased price of oil). Most importantly, we have not included the costs to Iraq, either in terms of destruction of infrastructure or the loss of lives. These would all clearly raise the costs significantly.
Book Synopsis War at Any Price? the Total Economic Costs of the War Beyond the Federal Budget by : Joint Economic Committee Majority Staff Chairman
Download or read book War at Any Price? the Total Economic Costs of the War Beyond the Federal Budget written by Joint Economic Committee Majority Staff Chairman and published by CreateSpace. This book was released on 2015-02-04 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long wars in Iraq and Afghanistan have cost the United States in many ways. For the American Armed Forces, the human toll has been profound: as of November 9, 2007, 4,578 American soldiers have lost their lives, and 30,205 have been wounded, many of them gravely. The damage to our international reputation at a time when the United States faces grave security challenges all over the world has also been severe. And the full economic costs of the war to the American taxpayers and the overall U.S. economy go well beyond even the immense federal budget costs already reported. These “hidden costs” of the Iraq war include the ongoing drain on U.S. economic growth created by Iraq-related borrowing, the disruptive effects of the conflict on world oil markets, the future care of our injured veterans, repair costs for the military, and other undisclosed costs. In this report, the Joint Economic Committee estimates the total costs of the long war in Iraq to the American economy as a whole: The total economic costs of the wars in Iraq and Afghanistan so far have been approxi-mately double the total amounts directly requested by the Administration to fight these wars.The future economic costs of a prolonged military presence in Iraq would be massive. Even assuming a considerable drawdown in troop levels, total economic costs of the wars in Iraq and Afghanistan (with the vast majority of costs a result of in the war Iraq) would amount to $3.5 trillion between 2003 and 2017. This is over $1 trillion higher than the recent Congressional Budget Office (CBO) Federal cost forecast for the same scenario, which counted only direct spending and interest paid on war-related debt resulting from that spending.The total economic cost of the war in Iraq to a family of four is a shocking $16,500 from 2002 to 2008. When the war in Afghanistan is included, the burden to the Ameri-can family rises to $20,900. The future impact on a family of four skyrockets to $36,900 for Iraq and $46,400 for Iraq and Afghanistan when all potential costs from 2002 to 2017 are included.
Book Synopsis The Three Trillion Dollar War: The True Cost of the Iraq Conflict by : Joseph E. Stiglitz
Download or read book The Three Trillion Dollar War: The True Cost of the Iraq Conflict written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2008-08-26 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reveals massive expenses associated with the Iraq War in a cautionary account that evaluates the war's long-term costs, both financial and human, as well as their consequences to taxpayers.
Book Synopsis The Economic Consequences of the Gulf War by : Kamran Mofid
Download or read book The Economic Consequences of the Gulf War written by Kamran Mofid and published by Routledge. This book was released on 2005-10-26 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Iran-Iraq War were one of the longest and most devastating uninterrupted wars amongst modern nation states. It produced neither victor nor vanquished and left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that 'going back' is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean? In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analysing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade and agricultural performance. In the final section, Mofid brings together the component parts of the economic cost of the war to assign a dollar value to the devastation.
Book Synopsis War at Any Cost? by : United States. Congress. Joint Economic Committee
Download or read book War at Any Cost? written by United States. Congress. Joint Economic Committee and published by . This book was released on 2009 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fight Now, Pay Later by : United States. Congress. Joint Economic Committee
Download or read book Fight Now, Pay Later written by United States. Congress. Joint Economic Committee and published by . This book was released on 2009 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Costs of the War in Iraq by : Scott Wallsten
Download or read book The Economic Costs of the War in Iraq written by Scott Wallsten and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government policies are routinely subjected to rigorous cost analyses. Yet one of today's most controversial and expensive policies - the ongoing war in Iraq - has not been. The $212 billion allocated by the U.S. Treasury has been widely reported. But the real, direct economic costs include more than budgetary allocations. Other costs include lives lost, injuries, and lost civilian productivity of National Guard and Reserve troops mobilized for the conflict. The conflict, however, also has generated cost savings, especially in terms of resources no longer being used to enforce UN sanctions and people no longer being killed by Saddam Hussein's regime. In this paper we monetize these direct costs and avoided costs of the war in Iraq, both todate and the total expected net present value of costs through 2015. Our estimates are imprecise. The data are not of high quality and every calculation requires a number of assumptions. In addition, we do not calculate indirect effects of the conflict, such as its impact on oil prices or other macroeconomic impacts, or certain intangibles, like the benefits of a stable democratically elected government in Iraq, should one emerge. Nonetheless, our best estimates suggests that the direct economic costs to the U.S. through August 2005 are about $255 billion, about $40 billion to coalition partners, and $134 billion to Iraq. These estimates suggest a global cost to date of about $428 billion. The avoided costs, meanwhile, are about $116 billion. We estimate that the expected total net present value of the direct costs through 2015 could be $604 billion to the U.S., $95 billion to coalition partners, and $306 billion to Iraq, suggesting a global total expected net present value of about $1 trillion. The net present value of total avoided costs, meanwhile, could be about $429 billion.
Book Synopsis The Growing Budgetary Costs of the Iraq War by : United States. Congress. House. Committee on the Budget
Download or read book The Growing Budgetary Costs of the Iraq War written by United States. Congress. House. Committee on the Budget and published by . This book was released on 2008 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis War at Any Price by : William J. Butler
Download or read book War at Any Price written by William J. Butler and published by Nova Science Publishers. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wars in Iraq and Afghanistan have cost the United States in many ways. For the American Armed Forces, the human toll has been profound: as of 2007, 4,578 American soldiers have lost their lives, and 30,205 have been wounded, many of them gravely. The damage to our international reputation at a time when the United States faces grave security challenges all over the world has also been severe. And the full economic costs of the war to the American taxpayers and overall U.S. economy go well beyond even the immense federal budget costs already reported. This book emphasises how the War on Terror has cost Americans far too much, in terms of lives, dollars and our reputation around the world. This book consists of public documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.
Book Synopsis Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11 by : Amy Belasco
Download or read book Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11 written by Amy Belasco and published by DIANE Publishing. This book was released on 2011-03 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the ninth year of operations since the 9/11 attacks while troops are being withdrawn in Iraq and increased in Afghanistan, the cost of war continues to be a major issue including the total amount appropriated, the amount for each operation, average monthly spending rates, and the scope and duration of future costs. This report analyzes war funding for the Defense Department and tracks funding for USAID and VA Medical funding.
Book Synopsis Growing Budgetary Costs of the Iraq War by : John Spratt
Download or read book Growing Budgetary Costs of the Iraq War written by John Spratt and published by DIANE Publishing. This book was released on 2009 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes statements by: John M. Spratt, Jr., Chmn., House Comm. on the Budget; Paul Ryan, ranking minority member, House Comm. on the Budget; Adrian Smith, a Rep. in Congress from the State of Nebraska; Peter R. Orszag, Dir., Congressional Budget Office (CBO); Linda J. Bilmes, Kennedy School of Gov¿t., Harvard Univ.; and Amy Belasco, Specialist in U.S., Defense Policy and Budget, Congressional Research Service (CRS). Addendum: Majority and minority slides presented during the hearing.
Book Synopsis A Failed "transition" by : Phyllis Bennis
Download or read book A Failed "transition" written by Phyllis Bennis and published by . This book was released on 2004 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A Failed 'Transition' is the most comprehensive accounting of the mounting costs of the Iraq war on the United States, Iraq, and the world. Among its major findings are stark figures about the escalation of costs in these most recent three months of "transition" to Iraqi rule, a period that the Bush administration claimed would be characterized by falling human and economic costs."
Book Synopsis Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11 by : Amy Belasco
Download or read book Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11 written by Amy Belasco and published by DIANE Publishing. This book was released on 2009-12 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report analyzes the war funding for the Defense Department and tracks funding for USAID and VA Medical funding.
Book Synopsis The Economic Costs of a War in Iraq by :
Download or read book The Economic Costs of a War in Iraq written by and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the potential economic costs of a war with Iraq in a scenario in which the war is not over quickly. It follows loosely from the negative scenario developed in a recent study by William Nordhaus.
Book Synopsis Paying the Human Costs of War by : Christopher Gelpi
Download or read book Paying the Human Costs of War written by Christopher Gelpi and published by Princeton University Press. This book was released on 2009-02-09 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Korean War to the current conflict in Iraq, Paying the Human Costs of War examines the ways in which the American public decides whether to support the use of military force. Contrary to the conventional view, the authors demonstrate that the public does not respond reflexively and solely to the number of casualties in a conflict. Instead, the book argues that the public makes reasoned and reasonable cost-benefit calculations for their continued support of a war based on the justifications for it and the likelihood it will succeed, along with the costs that have been suffered in casualties. Of these factors, the book finds that the most important consideration for the public is the expectation of success. If the public believes that a mission will succeed, the public will support it even if the costs are high. When the public does not expect the mission to succeed, even small costs will cause the withdrawal of support. Providing a wealth of new evidence about American attitudes toward military conflict, Paying the Human Costs of War offers insights into a controversial, timely, and ongoing national discussion.
