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02-16-2007 08:15 PM |
Iraq: Blood and Treaure?
Quote:
Originally posted by Spanky
From today's Economist:
....though nowhere near as costly to America in terms of blood (3,100 deaths so far, versus 58,000 - in Vietnam). Total military spending for 2008 is projected at 4.4% of GDP. That is a lighter burden than during previous large conflicts: America spent more than 9% of GDP on defence at the height of the Vietnam war, 14% during the Korean war and 37% during the second world war.
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I will check it out when I get home, but are they doing this in real terms (i.e., compensating for the fact that our GDP is bigger in real terms than it was then)? Shouldn't things (everything being equal) be cheaper, as a percentage of GDP, when GDP grows?
OK, I just looked it up before going home. Motherfucker, Spanky, nice leaving out of the beginning of the paragraph you quoted:
"Mr Bush's latest request (to which must be added a supplementary $100 billion for the current fiscal year) would bring the total cost of the wars in Iraq and Afghanistan to $661 billion since 2001. That would make them a greater swallower of American treasure than the Vietnam war (in real dollars), though nowhere near as costly to America in terms of blood (3,100 deaths so far, versus 58,000)."
Helpful of you to leave in the "though," though.
ETA the next paragraph is very supportive of the success of the war to date:
"It is not the money that worries Americans so much as the fear that the cause is hopeless. The average number of daily attacks by insurgents and militias in Iraq leapt from 75 at the beginning of last year to 185 in November. Two-fifths of the Iraqi professional class have fled the country. Even America's successes give little relief. Late last month, American and Iraqi troops smashed a Shia cult called the “Soldiers of Heaven”. A victory is a victory, but what struck viewers in Iowa was that Iraq has heavily-armed apocalyptic factions they have never even heard of."
EATA and all of this is from the Feb. 8th issue, not the most recent issue. What is up with you? Or is it that I normally don't read your posts b/c they are too long, and so miss all this misstatement stuff?
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