SMRs and AMRs

Sunday, November 04, 2007

How would YOU spend $720 million a day?

$720 million — the cost of one day of war in Iraq — will get you, according to the American Friends Service Committee:
  • One year of health care for 420,000 children
  • 84 new elementary schools
  • Over 95,000 new Head Start places for children
  • Homes for more than 6,400 families
More:
War Costing $720 Million Each Day, Group Says

By Kari Lydersen, Washington Post

CHICAGO, Sept. 21 -- The money spent on one day of the Iraq war could buy homes for almost 6,500 families or health care for 423,529 children, or could outfit 1.27 million homes with renewable electricity, according to the American Friends Service Committee, which displayed those statistics on large banners in cities nationwide Thursday and Friday.

The war is costing $720 million a day or $500,000 a minute, according to the group's analysis of the work of Nobel Prize-winning economist Joseph E. Stiglitz and Harvard public finance lecturer Linda J. Bilmes.

The estimates made by the group, which opposes the conflict, include not only the immediate costs of war but also ongoing factors such as long-term health care for veterans, interest on debt and replacement of military hardware.

"The wounded are coming home, and many of them have severe brain and spinal injuries, which will require round-the-clock care for the rest of their lives," said Michael McConnell, Great Lakes regional director of the AFSC, a peace group affiliated with the Quaker church.

The $720 million figure breaks down into $280 million a day from Iraq war supplementary funding bills passed by Congress, plus $440 million daily in incurred, but unpaid, long-term costs.
The rest is here. How would you spend $720 million a day? Some ideas are here.

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1 Comments:

Blogger Unknown said...

You might be interested in the Wounded Warriors Project. It's a nonprofit organization dedicated to raising awareness for U.S. troops severely wounded in Iraq and Afghanistan. It really puts a face on the cost of this conflict. Here's a link:

http://www.woundedwarriorproject.org/aarwebshow

Thanks,
Jeff

5:48 PM  

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