Senator McCain Gets a Schooling

Video
The Politics
George Bush, John McCain, and their conservative allies believe that the Iraq war has been worth the cost. About two-thirds of Americans disagree, according to a recent ABC News/Washington Post poll. Apparently, conservatives don't understand "opportunity cost" -- the basic economic concept that when you choose to buy one thing, you can't use that money to buy something else.

The Facts
The cost of Iraq in lives lost and scarred is incalculable. It has also had staggering economic costs here at home.

So far, the federal government has authorized $656 billion for the Iraq war. Of that total, $152 billion was appropriated to fund the Iraq war during the current fiscal year. [Congressional Research Service] That amounts to more than $12 billion per month and $416 million per day. These figures include neither operations in Afghanistan nor anti-terrorism programs elsewhere around the world nor the costs of caring for the wounded or replenishing our arsenals. Iraq war costs do include $34 billion spent for construction projects in Iraq, training and equipping Iraqi soldiers and police officers, contracts with and grants to Iraqi organizations and businesses, and funds used to prop up Iraqi government operations.

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.