by Linda Bilmes , The Daily Beast,
Linda J. Bilmes is a professor at the Harvard Kennedy School of Government. She is co-author with Joseph Stiglitz of the New York Times bestseller The Three Trillion Dollar War: The True Cost of the Iraq Conflict. Bilmes has written extensively on financial and budgetary issues in newspapers, magazines and academic journals including the New York Times, The Washington Post, and the Financial Times.
Nobel Prize recipient Joseph Stiglitz and Harvard budget guru Linda J. Bilmes are revising their original $3 trillion war cost estimate. As Bilmes reports, the Iraq and Afghanistan wars are at least 25 percent costlier than previous projections.
As Election Day draws near, it’s pretty clear: Voters are worried about jobs, the budget deficit and the rising national debt.
But behind those issues—behind the ads and candidates’ speeches, behind the rhetoric about “out-of-control” government spending—there lurks a hidden, less-talked-about issue: the cost of the ongoing wars.
Already, we’ve spent more than $1 trillion in Iraq, not counting the $700 billion consumed each year by the Pentagon budget. And spending in Iraq and Afghanistan now comes to more than
$3 billion weekly, making the wars a major reason for record-level budget deficits.
Two years ago, Joseph Stiglitz and I published The Three Trillion Dollar War in which we estimated that the budgetary and economic costs of the war would reach $3 trillion.
Taking new numbers into account, however, we now believe that our initial estimate was far too conservative—the cost of the wars will reach between $4 trillion and $6 trillion.
For example, we recently analyzed the medical and disability claim patterns for almost a million troops who have returned from the wars, and, based on this record, we’ve revised our estimate upward to between $600 billion and $900 billion—a broad specter, yes, but certainly also a significant upward tick from our earlier projection of $400 billion to $700 billion, based on historical patterns.
Similarly, our estimates for the economic and social costs associated with returning veterans can be expected to rise by at least a third—the staggering toll of repeated deployments over the past decade.






Nasir Khan: Will Obama help Kashmiri struggle against Indian rule?
October 30, 2010Response to Shahid Siddiqi’s analysis of India’s occupation of Kashmir
Response by Axis of Logic reader, Nasir Khan on Obama’s November Vist to India: Help Kashmiris gain their right to self-determination.
Mr Siddiqi, I am sure you know what Obama stands for. Please let me add a bit on this score. The whole world knows him as a staunch defender of the policies of Israel who is flanked by and pushed around by Zionists. He has also earned himself the distinction of being a true successor to George W. Bush since stepping in the White House because he has not only followed the war policies of Bush but also extended the war of aggression in Afghanistan and Pakistan. He is responsible for the almost daily killings of the Pakistanis by drone missile attacks. Let us keep in view the fact that his hands are sullied with the blood of hundreds of innocent Pakistanis and there is no end in sight to such savagery. Obama does not stand for: kill first and explain later. He has a freehand in killing by his advanced technological devices and as far as he is concerned that is the end of the matter. Why? Because he represents the power of American imperialism, military-industrial complex and the corporate interests. That also means there is no inhibition or restraint on what he does. The determining factor in all this is the global military power and influence of the United States.
Will Obama do anything to stop India from its inhuman atrocities and oppression in Kashmir and seek a solution to the Kashmir Issue? I think, we should come out of such make-believe world of illusions. He wouldn’t do anything of the sort. There are many reasons for that. At present American imperialism, India’s Hindutva leadership and the Zionist rulers of Israel are close strategic and military partners. The last thing on their agenda can be solving the Kashmir Issue. They have other considerations for the region and the Middle East!
As far as the present Pakistani rulers are concerned, they are pawns in the hands of the Washington rulers. They dance to the tunes of or the crack of the whip of the Pentagon and the State Department obediently. They have allowed the United States military to use Pakistani airport Shamsi and other military facilities to launch drone attacks on Pakistanis. In return for American money and to appease the Washington rulers, Pakistani army in Waziristan has been acting as a mercenary force killing and destroying its own people. So American drones and Pakistan army supplement each other. They are making the world safe for democracy and advancing ‘American’ values!
Source: Axis of Logic
The Following photos are reproduced from Shahid R. Siddiqi’s article ‘Obama’s November Vist to India: Help Kashmiris gain their right to self-determination.
INDIAN BRUTALITY IN KASHMIR
Share this:
Tags: American imperialism, global military power, India, Indian brutality in Kashmir, Indian occupation, Kashmir right to self-determination, Nasir Khan, Obama, oppression in Kashmir, Pakistani airport Shamsi, Pakistani rulers, Shahid R. Siddiqi, United States, Zionists
Posted in Commentary, imperialism, India, Kashmir, President Barack Obama, Uncategorized, Zionism. | Leave a Comment »