The Cost of the War

[The Light Colonel]

Does anybody have a link to a good article that discusses how the cost of the Iraq war has been overstated by the media and how defense spending is actually less of a percentage of the GDP than it was during the Cold War?

I always have liberals blast me with this point, and would like some scholarly data to back up the above position. Thanks.

[Trance]

I don't have any sources. But what's the cost of war? Perhaps a better question would have been 'What's the cost of inaction'

[Susanna]

Originally Posted by Trance

I don't have any sources. But what's the cost of war? Perhaps a better question would have been 'What's the cost of inaction'

I think that's a fair question, but I daresay that his lib questioners would ignore that and repeat their question.

[Psyclist]

If you don't mind Perot as a source, I found this:

Defense Spending as a Percentage of Gross Domestic Product | Perot Charts

[Bucks]

Here is a post with some info;

Where does Our Fed Money Go???

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[J.Anderson]

Most economists feel the cost of the war is far higher than official estimates. For instance, Nobel-Prize winning economist Joseph Stiglitz recently wrote a book titled "The Three-Trillion Dollar War", which takes a complete view at all of the costs and estimates that the final tally will be well over 3 trillion.

[Bucks]

Originally Posted by J.Anderson

Most economists feel the cost of the war is far higher than official estimates. For instance, Nobel-Prize winning economist Joseph Stiglitz recently wrote a book titled "The Three-Trillion Dollar War", which takes a complete view at all of the costs and estimates that the final tally will be well over 3 trillion.

I'm sure he has no agenda.
.

[Psyclist]

Originally Posted by Bucks

I'm sure he has no agenda.
.

The Nobel Prize is a dead giveaway.

[Trance]

Originally Posted by Psyclist

The Nobel Prize is a dead giveaway.

That lost all meaning and prestige when Yassar 'There will be no peace until Israel is red with blood' Arafat got his claws on one.

[J.Anderson]

Stiglitz is the most respected and heavily cited economist in the world. He wouldn't risk his reputation on bogus statistics or figures, which seems to be what you're implying.

His reputation is beyond question.

[Whistle Blower]

The best argument to bring about with liberals is the fact that alot of the money spent in Iraq eventually ends up back in the US...think about all the defense agencies that have benefitted.

[The Light Colonel]

Thanks, I found a counter to Stiglitz thanks to your leads. This forum won't let me post the link however, because I don't have enough posts.