Will The US Need An IMF Bail Out ?

Americans need to ask themselves if the White House is in competent hands when a $70 billion war becomes a $2 trillion war. Bush sold his war by understating its cost by a factor of 28.57. Any financial officer any where in the world whose project was 2,857 percent over budget would instantly be fired for utter incompetence. Bush's war cost almost 30 times more than he said it would because the moronic neoconservatives that he stupidly appointed to policy positions told him the invasion would be a cakewalk. Neocons promised minimal US casualties. Iraq already has cost 2,200 dead Americans and 16,000 seriously wounded--and Bush's war is not over yet. The cost of lifetime care and disability payments for the thousands of US troops who have suffered brain and spinal damage was not part of the unrealistic rosy picture that Bush painted. Dr. Stiglitz's $2 trillion estimate is OK as far as it goes. But it doesn't go far enough. My own estimate is a multiple of Stiglitz's. http://www.counterpunch.org/roberts01102006.html

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