So what’s another trillion anyway?
Five years later this war is known as the Three Trillion dollar war blog and video here.
In The Three Trillion Dollar War, book, Nobel Prize winner Joseph E. Stiglitz and Harvard professor Linda J. Bilmes cast 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.
No big right? A trillion is just the new billion – want to see what a trillion really looks like – check it out here and here.
Besides all these costs are being “deferred” to future generations. Maybe apologies are in order before they get stuck with paying our for accumulated debts. Which is worse - a huge asteroid hitting earth or a debt this size? Why don’t we focus on paying off our national debt which now stands at over $11 trillion. That makes each citizen’s share of the national debt $38,400 and rising. Other estimates of $24 trillion, state that the debt is 375% of GDP not including derivatives.
Also check out IOUSA the movie, which clearly explains the national economic and leadership deficit - as it seems most American’s seem to be in the dark that America may be on the brink of a financial meltdown. To my knowledge, no nation has attempted to support both a health care system and a military as they typically understand the improbabilities of economic sustainability to do both. It’s frightening to think that a government lacking in leading by example, basic business sense, economic responsibility and simple foresight would be trying to create and execute health care reform legislation before resolving outstanding financial committments.

