View Full Version : One Day = $720 Million
Villa 04-08-2008, 06:03 AM YouTube - One Day = $720 Million Also heard 12 billion a week
Stop spending money on the war and spend it on the people.
Watch video - 1 min 46 sec -
www.youtube.com/watch?v=Wnq6cD5jk1Q
Gan lucca 04-08-2008, 01:08 PM February 15, 2008
Saudi rulers threatened to make it easier for jihadists to attack London unless corruption investigations into their arms deals were halted
This ought to be front-page headline news all over the world. Why isn't it?
And is the State Department looking into the implications of this? Or will Bush return hat-in-hand to Saudi Arabia, in the spirit of his recent (rejected) request for a lowering of oil prices, and ask, Please, Sir, will you ease up on the global jihad?
Can there really be any further doubt about which side the Saudis are on?
Friend and Ally Update: "BAE: secret papers reveal threats from Saudi prince," by David Leigh and Rob Evans in The Guardian (thanks to Davida):
Saudi Arabia's rulers threatened to make it easier for terrorists to attack London unless corruption investigations into their arms deals were halted, according to court documents revealed yesterday.
Previously secret files describe how investigators were told they faced "another 7/7" and the loss of "British lives on British streets" if they pressed on with their inquiries and the Saudis carried out their threat to cut off intelligence.
Prince Bandar, the head of the Saudi national security council, and son of the crown prince, was alleged in court to be the man behind the threats to hold back information about suicide bombers and terrorists. He faces accusations that he himself took more than £1bn in secret payments from the arms company BAE.
He was accused in yesterday's high court hearings of flying to London in December 2006 and uttering threats which made the prime minister, Tony Blair, force an end to the Serious Fraud Office investigation into bribery allegations involving Bandar and his family.
The threats halted the fraud inquiry, but triggered an international outcry, with allegations that Britain had broken international anti-bribery treaties.
Lord Justice Moses, hearing the civil case with Mr Justice Sullivan, said the government appeared to have "rolled over" after the threats. He said one possible view was that it was "just as if a gun had been held to the head" of the government.
Villa 04-08-2008, 08:37 PM WASHINGTON - The 27 classified pages of a congressional report about Sept. 11 depict a Saudi government that not only provided significant money and aid to the suicide hijackers but also allowed potentially hundreds of millions of dollars to flow to Al Qaeda and other terrorist groups through suspect charities and other fronts, according to sources familiar with the document.
All the suspected hijackers were from Saudi Arabia or at least 15 of them were.
Not a single 9/11 terrorist was from Iraq. That's right not even one!
Seems they attacked the wrong country.
Villa 04-08-2008, 08:53 PM Polling data show that right after Sept. 11, 2001, when Americans were asked open-ended questions about who was behind the attacks, only 3 percent mentioned Iraq or Hussein. But by January of this year, attitudes had been transformed. In a Knight Ridder poll, 44 percent of Americans reported that either "most" or "some" of the Sept. 11 hijackers were Iraqi citizens. The answer is zero.
According to Mr. Kull of PIPA, there is a strong correlation between those who see the Sept. 11-Iraq connection and those who support going to war.
Al Qaeda leader Osama bin Laden himself recently encouraged the perception of a link, when he encouraged attacks on the US in response to a US war against Iraq. But, terror experts note, common animosity toward the United States does not make Hussein and Mr. bin Laden allies.
Hussein, a secularist, and bin Laden, a Muslim fundamentalist, are known to despise each other. Bin Laden's stated sympathies are always toward the Iraqi people, not the regime.
"Going to war with improper public understanding is risky," says Richard Parker, a former US ambassador to several Mideast countries. "If it's a failure, and we get bogged down, this is one of the accusations that [Bush] will have to face when it's all over."
Villa 04-08-2008, 10:48 PM President Bush has tried to give the impression that the $3 trillion dollar estimate of the total cost of the war that we provide in our new book may be exaggerated.
We believe that it is, in fact, conservative. Even the president would have to admit that the $50 to $60 billion estimate given by the administration before the war was wildly off the mark; there is little reason to have confidence in their arithmetic. They admit to a cost so far of $600 billion.
Our numbers differ from theirs for three reasons: first, we are estimating the total cost of the war, under alternative conservative scenarios, derived from the defense department and congressional budget office. We are not looking at McCain's 100-year scenario - we assume that we are there, in diminished strength, only through to 2017. But neither are we looking at a scenario that sees our troops pulled out within six months. With operational spending going on at $12 billion a month, and with every year costing more than the last, it is easy to come to a total operational cost that is double the $600 billion already spent.
Second, we include war expenditures hidden elsewhere in the budget, and budgetary expenditures that we would have to incur in the future even if we left tomorrow. Most important of these are future costs of caring for the 40 percent of returning veterans that are likely to suffer from disabilities (in excess of $600 billion; second world war veterans' costs didn't peak until 1993), and restoring the military to its prewar strength. If you include interest, and interest on the interest - with all of the war debt financed - the budgetary costs quickly mount.
Finally, our $3 trillion dollars estimate also includes costs to the economy that go beyond the budget, for instance the cost of caring for the huge number of returning disabled veterans that go beyond the costs borne by the federal government -- in one out of five families with a serious disability, someone has to give up a job. The macro-economic costs are even larger. Almost every expert we have talked to agrees that the war has had something to do with the rise in the price of oil; it was not just an accident that oil prices began to soar at the same time as the war began.
We have been criticized, but for being excessively conservative, for including only $5 to $10 of the $75 to $85 increase in the price of oil since then. Money spent on the war -- on a Nepalese contractor working in Iraq -- does not stimulate the economy as much as money spent on hospitals or research or schools at home. These contractionary effects were temporarily covered up, hidden, by the flood of liquidity and lax regulations that led to a housing bubble and a consumption boom - with household savings plummeting to zero. But this simply postponed paying these costs - and increased them.
With the exception of a few lonely surviving supply-siders, most economists believe that deficits matter, and the huge deficits to finance the war will have their toll in the long run. Deficits matter in both the short run and the long. They help crowd out private investment that would have stimulated the economy far more than the war expenditures; and the reduced investments reduce long-run productivity. With 40 percent of the funds borrowed from abroad, Americans will be sending interest payments abroad -- lowering living standards at home. Finally, even Fed Chair Bernanke (formerly the president's economic adviser) admits that the deficits have reduced the room to manoeuvre -- the ability of the government to respond to the looming economic crisis.
Spending so much on the war has economic consequences, even if you don't think there is any connection between the war and the economy's current woes.
In adding up the quantifiable costs of the war, it is hard not to come up with a number in excess of $3 trillion. In putting a $3 trillion price tag on the war, we believe we have been excessively conservative - a $4 or $5 trillion tag would be more reasonable. And remember - this is just the cost for America.
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