- Cape man gets 8 years for robbery, his first offense (12/7/16)9
- Abuse suspect tries to take cop's gun; officer zaps him with Taser and punches his face (12/7/16)3
- Group seeks to create a neighborhood park on Cape Girardeau's south side (12/7/16)14
- Post-election taunts reported at Jackson schools (12/2/16)28
- Man sentenced to 103 years for murder of Cape woman (12/6/16)4
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)34
- 3 students in custody for violent threat; no details released (12/9/16)15
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Lt. Gov. Kinder weighs in on Trump's win, his future plans (12/4/16)13
War's cost estimates were way off
To the editor:
Before the invasion of Iraq, then-White House budget director Mitch Daniels had this to say about the cost: "an affordable endeavor." He quickly dismissed the $100 billion to $200 billion estimate of then-Bush administration economic adviser Lawrence Lindsey as "very, very high." As it turns out they where both a little off.
A new study by Columbia University economics professor and 2001 Nobel laureate Joseph Stigilz has estimated the total cost of the war at around $2 trillion, adding that the estimate was conservative. The study included the cost of disability payments for the 16,000 wounded U.S. soldiers (20 percent of whom have suffered serious brain or spinal injuries) and the mental-health care of other returning soldiers (30 percent have developed mental-health problems within three to four months of returning).
A portion of the total cost was attributed to the rise in oil prices since the start of the war (20 percent of the $25-a-barrel gain was directly caused by the war, the report states).
The projection estimated a total troop withdraw in 2010 with troops being steadily decreased until then. The report estimated the number of troops in 2006 at 136,000. Currently there are 153,000 troops in Iraq. The war is currently costing $4.5 billion a month in operating costs alone (according to the Pentagon) and has cost $173 billion to date.
CHRIS SIEBERT, Cape Girardeau