Thursday, July 31, 2008

Costs of War, Costs of Oil

The Iraq war is costing about 150 billion/year in direct costs.

Exxon Mobile just posted a record profit of 11.68 billion for the quarter (or 44 billion for the year).

Why don't we just eliminate the middleman and send our taxes directly to Exxon?

Current Total Iraq War Cost: ###

And, just a reminder: the White House insisted the war would cost no more than 50 Billion, total. They even fired one of their advisers for suggesting the total costs of the war could reach 200 Billion. And bear in mind that even if we decided tomorrow to pull out ALL our troops it would still take 18 months just to get them out of country, or another 200 billion. That's how the "total cost" (including veterans benefits etc.) now approaches more than two trillion.

To put that in perspective, that's enough money to entirely fund Medicare for six years, or guarantee Social Security benefits without any increased taxes or age requirements for the next six generations.

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