Why Pulling Out of Iraq Won't Save Money »
Posted by: AnteUp 1 month, 3 weeks agoEnd the war, save money that can be used for other purposes. That's effectively how both John McCain and Barack Obama frame the fiscal outcome of drawing down troops in Iraq. It sounds right, but federal budget experts say that to arrive at that conclusion requires a bit of fairy-tale math.
Read Full Story at money.cnn.com
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AnteUp1 month, 3 weeks ago
This is CRAZY - right? Whether it is out of our pockets
immediately - or debt on the metaphorical "national credit
card"............it's debt, and debt COSTS us money.
Someone PLEASE tell me that CNN is wrong.
CNN played the report this morning on cable.
If the Economy is Issue #1 - then what will the
hawks do with this news? We can't AFFORD to pull out??
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browntiger1 month, 3 weeks ago
Hmm, this is one of the most bogus claims.
Yes reducing spending will not save you money you already spent. It is reduces you future debt.
We need to clean up the house. No corporate bailouts. It is absurd economy where businesses allowed to collect all profits and goverment ( taxpayers ) stuck with all losses.
Any bank that fails should have all shares eliminated, no debt, no obligations to CEOs and company execs. Just totaly absurd that when Bear Stearns defaulted taxpayers stuck with the bill.
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jordan111 month, 3 weeks ago
Obviously if we're borrowing money for the Iraq mess, pulling out won't give us any real money. What it will do is stop the explosive debt, by billions every month. The first thing we MUST do, is pay off that debt, and the only way to do that is to generate the money to pay it off. We could put a moratorium on all pork projects, have a grown up look at the BILLIONS we're pouring into the military industrial complex & gut the waste (and there IS colossal waste!) have outside audits of all government agencies and get rid of the waste (though I must say the GAO is doing a fair job), and increase taxes to their level before bush, as well as get the wealthiest to pay their fair share. And NO MORE tax loopholes. Finally, no more charity to the dynasty corporations.
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AnteUp1 month, 3 weeks ago
jordan11 ~
Everything you say sounds like a long hard slog - but
necessary AND doable.
My only point was that CNN was making it sound as if it
wouldn't save us money. The longer we are supporting the
war with borrwed appropriations the higher, not only the
balance goes but the INTEREST. Only if we are not involved
in war spending - will we be able to halt the stratospheric
borrowing and begin to pay it off. Ending war spending
would save America money - yes?
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Beau78901 month, 3 weeks ago
It doesn't save us money in the sense of putting war dollars in our pockets.
But it's idiotic to frame this situation in that way. It's an enormous unnecessary expense to stay there. Though there are some lasting costs if we pull out, those pale in comparison to what we spend if we stay.
The article looks at the short-term costs only, not the general health of the economy.
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jordan111 month, 3 weeks ago
My only point was that CNN was making it sound as if it
wouldn't save us money.>>>>>
It won't 'give' us any money, but it will certainly save us money. I don't watch CNN for the very reason that they're short sighted, & rarely looked at issues with a critical eye when I used to watch them.
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Spadecaller1 month, 3 weeks ago
This article is more about what it doesn't state. Who are the financial losers should we pull out of Iraq? How about Haiburton, Blackwater, the Carlyhle Group, Shell Oil, GE, Grumman, Boeing, Motorola, and the other big players, the profiteers from the Iraq fiasco.
The taxpayers would benefit from elimintating the growing debt. In addition, it is about time that we throw these companies off the corporate welfare rolls.
In addition, these companies are utilizing foreign cheap labor at the expense of American jobs and avoiding taxes in the process. In other words, they are the only profit makers from the Iraq war and they do not funnel their profits back into our mainstream economy, as they pretend to do. (alternative energy bs)
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Spadecaller1 month, 3 weeks ago
The capital saved by discontinuing corporate welfare and by taxing these profiteers fairly, the money could go into American infrastructure and "real" energy alternatives, which would benefit the middle class and provide jobs.
CNN hopes we stay in Iraq for "100 years".
(Reminder: who owns CNN)
Get the shovel!
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hyperbola1 month, 3 weeks ago
My heavens does CNN think americans are stupid and that they can continue their shell game forever.
"""The Congressional Budget Office estimated this spring that reducing troops to 75,000 by 2013 could increase the deficit by a net of $214 billion over 10 years.
It's hard to nail down how that estimate would compare to the country's fiscal situation if the war efforts continue at full throttle. That's in part because it's not clear how much lawmakers will allocate for war spending every year."""
What this really says is that if we still have 75,000 troops in Iraq in 2013, then the deficit will have gone up by at least another $214 billion. It is likely to be MUCH more. Iraqi resistance is playing a waiting game at present. If we do not withdraw, the resistance will grow again next year.
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PsychoHosebeast1 month, 3 weeks ago
Money. Is that what it comes down to? How we doing on saving lives?
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dunkirk1 month, 3 weeks ago
it is quit interesting to note the emphasis is on MONEY and not on LIVES. GOP ---> Greed Over People
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AnteUp
Never shy about putting in my two-cent's worth.
A local reporter was scouring the neighborhood for the local's opinion
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