July 29, 2007

Counting the Cost

What has cost the U.S. taxpayers almost half a trillion dollars, and now costs $275 million every day, $11 million each hour, $191,000 every minute, and $3,180 each second?

8 comments:

linnette said...

If you answered, "The war in Iraq," then you are right.

Drew said...

How could our government allow this to get so out of control?

We were watching the You Tube debate and there was a lot of focus on preserving the lives of the troops. But hardly anytime was spent considering the 30 seconds it took to answer The Iraqi war questions represents another $95,400 out of our pockets. (Or should I say China’s pockets)? I did hear they want to raise minimum wage to $9.50 by 2009. Thanks for that.

Good post Linnette. Seeing it calculated like that is really scary.

What will happen? How long can we burn money like that before the US public starts to notice in ways other than the price of fuel?

Anonymous said...

Along with the pictures of Violet walking, I have a Cost of War ticker on my website (neisha.com) that shows the dollars just ticking away every second of the day. It's disgusting.

Anonymous said...

"How long can we burn money like that before the US public starts to notice in ways other than the price of fuel?"

Like what others ways, Drew?

Drew said...

Neisha, I suppose I mean in ways that affect someone severely enough, it gets their attention so action is taken. We’re paying abhorrent fuel prices today and that is helping pay for this war. At $3 per gallon for gas the public should be a lot more outraged than we are. I mean we’re mad but we’re paying it, and driving. We have to get to work to pay for gas for the war.

But other concerns could be how much is the US dollar going to soften before Joe Public realizes the plane is crashing into the mountain?

How many “For Sale” signs need to appear on lawns in one’s neighborhood to realize the housing market is weak. When will they finally insist legislators take action?

I don’t really know what it will be that finally gets the average American to think beyond TV News programming and gather enough momentum to influence serious governmental spending reform.

You and I know Ron Paul is the answer so do a lot of other folks. SO, I CANNOT BELIEVE RUDY GUILIANI IS A FRONT RUNNER!!

I guess the severity of the situation isn’t getting through clear enough to some people. I wonder will it take to hit someone personally enough; they realize another canned politician isn’t going to do the trick here? It’s scary.

linnette said...

Drew, I don't understand what you mean when you say, "We’re paying abhorrent fuel prices today and that is helping pay for this war." Are you saying that the reason we are paying high prices is to pay for the war? I think that one of the reasons gas prices are high is BECAUSE of the war, not TO PAY for the war. Let me know what you meant. Good discussion.

Drew said...

Linnette,
I agree with your summation. However, oil profits are increasing in the Middle East due to the war. I am sure portions are funneled to our enemies to fund their activities. We’re funding our opposition in a sense, right? It seems cyclical to me.

It could be a moral debate. Should we be morally obligated to REFUSE to buy gas, period?

Anonymous said...

The price of oil, like everything else, depends on supply and demand. What we really need to focus on is how government keeps the supply of refined gas too low. Federal restrictions on exploring, drilling, and refining domestic oil have made us dependent on various questionable Middle East governments. American foreign policy increases gas prices here at home. Before the war in Iraq, oil was about $28 per barrel. Today it is over $70. Iraw was a significant source of worldwide oil, but its production has dropped 50% since 2002. General instability in the Middle East created by the war causes oil prices to rise everywhere. Soaring gasoline prices are one giant unintended consequence of the war, pure and simple. An attack on Iran, coupled with our continued presence in Iraq, could hike gas prices to $5 or $6 per gallon. The federal gas tax at the pump is 18.4 cents per gallon. By contrast, oil companies only make about 10 cents per gallon.

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