The Daily Background
| Study: Iraq costs $720 mil/day
by Arlen Parsa
Remind me again why fiscal conservatives are on board with this war again?
The money spent on one day of the Iraq war could buy homes for almost 6,500 families or health care for 423,529 children, or could outfit 1.27 million homes with renewable electricity, according to the American Friends Service Committee, which displayed those statistics on large banners in cities nationwide Thursday and Friday.
The war is costing $720 million a day or $500,000 a minute, according to the group’s analysis of the work of Nobel Prize-winning economist Joseph E. Stiglitz and Harvard public finance lecturer Linda J. Bilmes.
It never ceases to amaze me the amount of money that fiscal conservatives are willing to spend on war, but when somebody tries to suggest that more poor children be covered under a health care plan paid for by cigarette taxes, it’s treated like a crime against humanity.
