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| Author | : Joseph E. Stiglitz |
| Publisher | : |
| Total Pages | : 311 |
| Release | : 2008 |
| Genre | : Iraq War, 2003- |
| ISBN | : 9782007051407 |
Forfatterne kommer med et, efter eget udsagn, forsigtigt skøn over irakkrigens foreløbige økonomiske omkostninger.
| Author | : Charles E. Schumer |
| Publisher | : DIANE Publishing |
| Total Pages | : 32 |
| Release | : 2008-03 |
| Genre | : Technology & Engineering |
| ISBN | : 9781422399972 |
The long wars in Iraq & Afghanistan have cost the U.S. in many ways. For the U.S. mil., the human toll has been profound. The damage to our internat. reputation has been severe. And the full econ. costs of the war to the Amer. taxpayers & the overall U.S. economy go well beyond even the immense fed. budget costs. The ¿hidden costs¿ of the Iraq war include: the ongoing drain on U.S. econ. growth created by Iraq-related borrowing, the disruptive effects of the conflict on world oil markets, the future care of our injured vets, repair costs for the mil., & other undisclosed costs. This report estimates the total costs of the long war in Iraq to the Amer. economy as a whole. A change in course would bring substantial econ. savings to our country. Illus.
| Author | : Linda Bilmes |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2006 |
| Genre | : Iraq War, 2003- |
| ISBN | : |
This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and accounting/ budgetary frameworks. As of December 30, 2005, total spending for combat and support operations in Iraq is $251bn, and the CBO's estimates put the projected total direct costs at around $500bn. These figures, however, greatly underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO projection, such as lifetime healthcare and disability payments to returning veterans, replenishment of military hardware, and increased recruitment costs. We then make adjustments to reflect the social costs of the resources deployed, (e.g. reserve pay is less than the opportunity wage and disability pay is less than forgone earnings). Finally, we estimate the effects of the war on the overall performance of the economy. Even taking a conservative approach and assuming all US troops return by 2010, we believe the true costs exceed a trillion dollars. Using the CBO's projection of maintaining troops in Iraq through 2015, the true costs may exceed $2 trillion. In either case, the cost is much larger than the administration's original estimate of $50-$60bn. The costs estimated do not include those borne by other countries, either directly (military expenditures) or indirectly (the increased price of oil). Most importantly, we have not included the costs to Iraq, either in terms of destruction of infrastructure or the loss of lives. These would all clearly raise the costs significantly.
| Author | : Joint Economic Committee Majority Staff Chairman |
| Publisher | : CreateSpace |
| Total Pages | : 28 |
| Release | : 2015-02-04 |
| Genre | : Political Science |
| ISBN | : 9781507842799 |
The long wars in Iraq and Afghanistan have cost the United States in many ways. For the American Armed Forces, the human toll has been profound: as of November 9, 2007, 4,578 American soldiers have lost their lives, and 30,205 have been wounded, many of them gravely. The damage to our international reputation at a time when the United States faces grave security challenges all over the world has also been severe. And the full economic costs of the war to the American taxpayers and the overall U.S. economy go well beyond even the immense federal budget costs already reported. These “hidden costs” of the Iraq war include the ongoing drain on U.S. economic growth created by Iraq-related borrowing, the disruptive effects of the conflict on world oil markets, the future care of our injured veterans, repair costs for the military, and other undisclosed costs. In this report, the Joint Economic Committee estimates the total costs of the long war in Iraq to the American economy as a whole: The total economic costs of the wars in Iraq and Afghanistan so far have been approxi-mately double the total amounts directly requested by the Administration to fight these wars.The future economic costs of a prolonged military presence in Iraq would be massive. Even assuming a considerable drawdown in troop levels, total economic costs of the wars in Iraq and Afghanistan (with the vast majority of costs a result of in the war Iraq) would amount to $3.5 trillion between 2003 and 2017. This is over $1 trillion higher than the recent Congressional Budget Office (CBO) Federal cost forecast for the same scenario, which counted only direct spending and interest paid on war-related debt resulting from that spending.The total economic cost of the war in Iraq to a family of four is a shocking $16,500 from 2002 to 2008. When the war in Afghanistan is included, the burden to the Ameri-can family rises to $20,900. The future impact on a family of four skyrockets to $36,900 for Iraq and $46,400 for Iraq and Afghanistan when all potential costs from 2002 to 2017 are included.
| Author | : John Spratt |
| Publisher | : DIANE Publishing |
| Total Pages | : 93 |
| Release | : 2009 |
| Genre | : Technology & Engineering |
| ISBN | : 1437904602 |
Includes statements by: John M. Spratt, Jr., Chmn., House Comm. on the Budget; Paul Ryan, ranking minority member, House Comm. on the Budget; Adrian Smith, a Rep. in Congress from the State of Nebraska; Peter R. Orszag, Dir., Congressional Budget Office (CBO); Linda J. Bilmes, Kennedy School of Gov¿t., Harvard Univ.; and Amy Belasco, Specialist in U.S., Defense Policy and Budget, Congressional Research Service (CRS). Addendum: Majority and minority slides presented during the hearing.
| Author | : United States. Congress. House. Committee on the Budget |
| Publisher | : |
| Total Pages | : 96 |
| Release | : 2008 |
| Genre | : Afghan War, 2001- |
| ISBN | : |
| Author | : United States. Congress. Joint Economic Committee |
| Publisher | : |
| Total Pages | : 64 |
| Release | : 2009 |
| Genre | : Iraq War, 2003- |
| ISBN | : |
| Author | : Kamran Mofid |
| Publisher | : Routledge |
| Total Pages | : 200 |
| Release | : 2005-10-26 |
| Genre | : Business & Economics |
| ISBN | : 1134939655 |
The Iran-Iraq War were one of the longest and most devastating uninterrupted wars amongst modern nation states. It produced neither victor nor vanquished and left the regimes in both countries basically intact. However, it is clear that the domestic, regional and international repercussions of the war mean that 'going back' is not an option. Iraq owes too much to regain the lead it formerly held in economic performance and development levels. What then does reconstruction mean? In this book, Kamran Mofid counteracts the scant analysis to date of the economic consequences of the Gulf War by analysing its impact on both economies in terms of oil production, exports, foreign exchange earnings, non-defence foreign trade and agricultural performance. In the final section, Mofid brings together the component parts of the economic cost of the war to assign a dollar value to the devastation.
| Author | : Scott Wallsten |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2009 |
| Genre | : |
| ISBN | : |
Government policies are routinely subjected to rigorous cost analyses. Yet one of today's most controversial and expensive policies - the ongoing war in Iraq - has not been. The $212 billion allocated by the U.S. Treasury has been widely reported. But the real, direct economic costs include more than budgetary allocations. Other costs include lives lost, injuries, and lost civilian productivity of National Guard and Reserve troops mobilized for the conflict. The conflict, however, also has generated cost savings, especially in terms of resources no longer being used to enforce UN sanctions and people no longer being killed by Saddam Hussein's regime. In this paper we monetize these direct costs and avoided costs of the war in Iraq, both todate and the total expected net present value of costs through 2015. Our estimates are imprecise. The data are not of high quality and every calculation requires a number of assumptions. In addition, we do not calculate indirect effects of the conflict, such as its impact on oil prices or other macroeconomic impacts, or certain intangibles, like the benefits of a stable democratically elected government in Iraq, should one emerge. Nonetheless, our best estimates suggests that the direct economic costs to the U.S. through August 2005 are about $255 billion, about $40 billion to coalition partners, and $134 billion to Iraq. These estimates suggest a global cost to date of about $428 billion. The avoided costs, meanwhile, are about $116 billion. We estimate that the expected total net present value of the direct costs through 2015 could be $604 billion to the U.S., $95 billion to coalition partners, and $306 billion to Iraq, suggesting a global total expected net present value of about $1 trillion. The net present value of total avoided costs, meanwhile, could be about $429 billion.
| Author | : United States. Congress. Joint Economic Committee |
| Publisher | : |
| Total Pages | : 288 |
| Release | : 2009 |
| Genre | : Iraq War, 2003- |
| ISBN | : |
