The Cost of War - A historical Perspective - New England Patriots Forums

PatriotsReign · 10-10-2010, 06:21 PM

I know a few of you may recall that I like to follow an economic blog called "Mish's Economic Global Trend Analysis".

Although some may not agree with much of what he writes, I think everyone's eyes will be open after reading his blog on the cost of war to the citizens of the United States.

Just a glimpse;

"Those costs do not include the future medical costs of injured soldiers, the countless wrecked lives of US soldiers and the lives of millions of innocent civilians killed in the needless war in Iraq.

Bear in mind, I do not support the social agenda of the National Priorities Project. However, I would rather see any spending in the US than the needless destruction of lives and property around the globe.

The US cannot afford to be the world's policemen, and even if we could, I still would not support such needless destruction."

There are some eye-popping graphs showing the history of military spending as a percent of GDP. Sickening to say the least!

Read more....

Mish's Global Economic Trend Analysis: Cost of War Since 2001; Federal outlays and revenues, 1940-2015

***reflexblue*** · 10-10-2010, 06:32 PM

Quote:

Originally Posted by PatriotsReign

I know a few of you may recall that I like to follow an economic blog called "Mish's Economic Global Trend Analysis".

Although some may not agree with much of what he writes, I think everyone's eyes will be open after reading his blog on the cost of war to the citizens of the United States.

Just a glimpse;

"Those costs do not include the future medical costs of injured soldiers, the countless wrecked lives of US soldiers and the lives of millions of innocent civilians killed in the needless war in Iraq.

Bear in mind, I do not support the social agenda of the National Priorities Project. However, I would rather see any spending in the US than the needless destruction of lives and property around the globe.

The US cannot afford to be the world's policemen, and even if we could, I still would not support such needless destruction."

There are some eye-popping graphs showing the history of military spending as a percent of GDP. Sickening to say the least!

Read more....

Mish's Global Economic Trend Analysis: Cost of War Since 2001; Federal outlays and revenues, 1940-2015

I came to the conclusion years ago that it would be an economic armeggedon for any major powers such as the US and China to go to war. Global economies are to intertwined now a days for war to be feasible. Both sides would lose.

PatriotsReign · 10-10-2010, 06:37 PM

Quote:

Originally Posted by reflexblue

I came to the conclusion years ago that it would be an economic armeggedon for any major powers such as the US and China to go to war. Global economies are to intertwined now a days for war to be feasible. Both sides would lose.

Exellent point Flex! It would now be unfathomable to fund such a war. But I don't even like thinking about a war of that size and what the consequences might be.

Like you wrote....Armaggedon!

***DarrylS*** · 10-11-2010, 04:24 AM

The medical legacy costs of the Iraq lie amounts to somewhere between 1.3 and 2 billion... that is a lot of chump change, added to the 700 billion already spent on the ground in Iraq....