Sunday, November 14, 2010

Cost of War: The War Economy pits Social Security against Defense : Veterans Today

The War Economy pits Social Security against Defense : Veterans Today

This is a new source on veterans news I found recently and they are responding to the VFP War Economy compaign with some cold hard facts from Nobel prize winning economist Joseph Stiglitz who also has provided some of the data we have used for several years on the Gainesville chapter 14 Cost of War project.

Recently we posted two articles based on media releases from Military Families Speak Out (MFSO) and Veterans for Peace on how they propose launching a public awareness campaign to educate the American electorate on how to connect the dots between the Trillion Dollar Wars and meltdown of the U.S. Economy.

In fact the projected fiscal cost of the War on Terror has increase from one trillion in 2005 to over three trillion and growing by 2008. This is a fiscal conservative’s nightmare just THINKING about how much the 2011 price tag of the wars will be unless of course you are a fiscal conservative who benefits from the wars. Source: The Three Trillion Dollar War: The True Cost of the Iraq Conflict by Joseph E. Stiglitz and Linda J. Bilmes. Winner of the Nobel Prize in Economics.

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