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$1 Trillion (One Trillion Dollars)

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PalJoey
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$1 Trillion (One Trillion Dollars)#1
Posted: 8/1/07 at 1:35pm
Not $1,000,000. (One million dollars.)

Not $100,000,000. (One hundred million dollars.)

Not $1,000,000,000. (One billion dollars.)

Not $100,000,000,000. (One hundred billion dollars.)

But $1,000,000,000,000. (One trillion dollars.)

Nothing before in the history of the world has ever cost that much.

Where did it go, HD? What did all that money--and all those lives--buy?

===

THE BOSTON GLOBE

Analysis says war could cost $1 trillion

Budget office sees effect on taxpayers for decade

By Bryan Bender, Globe Staff | August 1, 2007

WASHINGTON -- The war in Iraq could ultimately cost well over a trillion dollars -- at least double what has already been spent -- including the long-term costs of replacing damaged equipment, caring for wounded troops, and aiding the Iraqi government, according to a new government analysis.

The United States has already allocated more than $500 billion on the day-to-day combat operations of what are now 190,000 troops and a variety of reconstruction efforts.

In a report to lawmakers yesterday, the nonpartisan Congressional Budget Office estimated that even under the rosiest scenario -- an immediate and substantial reduction of troops -- American taxpayers will feel the financial consequences of the war for at least a decade.

The calculations include the estimated cost to leave some US forces behind for at least several years to support the Iraqi government, but they also predict other long-term costs, such as extended medical care and disability compensation for wounded soldiers and survivor's benefits for the families of the thousands of combat-zone fatalities.

The cost of the war in Iraq and other military operations has soared to the point where "we are now spending on these activities more than 10 percent of all the government's annually appropriated funds," said Robert A. Sunshine, the budget office's assistant director for budget analysis.

Those costs -- both to sustain the current mission in Iraq and to pay longer-term "hidden" expenses like troop healthcare and replacement equipment -- are far more than US officials advertised when Congress gave President Bush the authority to launch the invasion in March 2003.

At the time, the White House and then-defense secretary Donald Rumsfeld predicted a quick, decisive victory and counted on Iraqi oil revenues to pay for the war. And when Lawrence Lindsey, one of Bush's top budget advisers, estimated in 2003 that the entire undertaking could cost as much as $200 billion, he was fired.

Even that estimate -- which the Bush administration described at the time as far too high -- was still well off the mark. The Congressional Budget Office estimates that as of June, up to $500 billion has been spent on combat operations in Iraq.

In the coming years, the price tag will be substantially higher. Testifying before the House Budget Committee yesterday, Sunshine told lawmakers that he used two scenarios -- an optimistic one in which most US troops are withdrawn, and another in which a sizable contingent remains for several years -- to calculate anticipated costs.

If the United States gradually reduced its troop level in Iraq to 30,000 by 2010, the US Treasury would still have to provide up to $500 billion more to sustain those troops, as well as pay other expenses, he said in the report.

Continued...
Analysis says war could cost $1 trillion
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re: $1 Trillion (One Trillion Dollars)#2
Posted: 8/1/07 at 2:16pm
What could we do with a TRILLION Dollars? Well, we could write a check to every single human being on earth for $150. Not too much money to me or you- a nice theatre ticket perhaps?- but most of the world, that is an unimaginable sum of money.

If you invested that $1T in long term government bonds, the interest would allow you to grant $20,000 college scholarships to 2.4 MILLION people a year. There are about 11 million people in college, so that means 20% get full scolarships. Forever. On the interest. Without touching the principal.

Maybe you want to buy some presents? wanna buy every sixth grader a house? We could! And they would be nice $250,000 houses! That "Freedom Tower" we're building as a 9/11 memorial is inspiring! Every state should have one- hell every state can have 6! Boston is abuzz about a new pricey martini: A Sapphire martini made from Blue Curcao, Sapphire Bombay Gin and a dash of dry vermouth served in a glass rimed with blue sugar, seen at Foxwoods Resort. The $3,000 drink comes with a pair of custom-made blue sapphire and diamond earrings set in a sterling silver pick! Well, drinks are on the house- Let's buy one of those $3000 drinks for every man woman & Child in the US! Not keen on giving newborns martinis? They can have a really nice home theatre system, season tickets to the Met or floor seats to a Lakers game.

I have to go throw up now. Here's to money well spent.
No good can possibly come from using this vast wasteland of error and deliberate deceit. You should get off of it and warn others away. You should make sure your children and grandchildren know what a corrupt and morally bankrupt institution it truly is.
Updated On: 8/1/07 at 02:16 PM
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madbrian
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re: $1 Trillion (One Trillion Dollars)#2
Posted: 8/1/07 at 2:30pm
Even if you wanted to get all practical, you could pay off a piece of the national debt...
"It does me no injury for my neighbour to say there are 20 gods or no god. It neither picks my pocket, nor breaks my leg." -- Thomas Jefferson
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re: $1 Trillion (One Trillion Dollars)#3
Posted: 8/1/07 at 2:33pm
"a piece of the national debt..."

What a frightening and pathetic fact.

This just gets more and more sickening - and the justifications become more and more enraging.

A price will almost certainly have to be paid - God help us all.
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re: $1 Trillion (One Trillion Dollars)#4
Posted: 8/1/07 at 2:33pm
It would pay the entire US budget for over 7 years.
No good can possibly come from using this vast wasteland of error and deliberate deceit. You should get off of it and warn others away. You should make sure your children and grandchildren know what a corrupt and morally bankrupt institution it truly is.
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re: $1 Trillion (One Trillion Dollars)#5
Posted: 8/1/07 at 3:06pm
That is an insane amount of money. It truly saddens me to think of all we could do for education, disaster relief, charity donations, and other more important causes with that money instead of using it to fund this never-ending war.
"You drank a charm to kill John Proctor's wife! You drank a charm to kill Goody Proctor!" - Betty Parris to Abigail Williams in Arthur Miller's The Crucible
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re: $1 Trillion (One Trillion Dollars)#6
Posted: 8/1/07 at 3:06pm
That is an insane amount of money. It truly saddens me to think of all we could do for education, disaster relief, charity donations, and other more important causes with that money instead of using it to fund this never-ending war.

EDIT: Sorry about the double post!
"You drank a charm to kill John Proctor's wife! You drank a charm to kill Goody Proctor!" - Betty Parris to Abigail Williams in Arthur Miller's The Crucible
Updated On: 8/1/07 at 03:06 PM
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re: $1 Trillion (One Trillion Dollars)#9
Posted: 8/2/07 at 3:11pm
Did you say ONE TRILLION DOLLARS?

re: $1 Trillion (One Trillion Dollars)
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