Impeach George W. Bush Message Board

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Politics : Impeach George W. Bush

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To: MSI who wrote (14615)	9/16/2002 1:00:41 AM
From: The Duke of URL©	Read Replies (1) of 93284

From tomorrow's WSJ online.wsj.com PAGE ONE Bush Economic Aide Says the Cost Of Iraq War May Top $100 Billion By BOB DAVIS Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- President Bush's chief economic adviser estimates that the U.S. may have to spend between $100 billion and $200 billion to wage a war in Iraq, but doubts that the hostilities would push the nation into recession or a sustained period of inflation. Lawrence Lindsey, head of the White House's National Economic Council, projected the "upper bound" of war costs at between 1% and 2% of U.S. gross domestic product. With the U.S. GDP at about $10 trillion per year, that translates into a one-time cost of $100 billion to $200 billion. That is considerably higher than a preliminary, private Pentagon estimate of about $50 billion. Of course, the lower Pentagon estimate was prepared by Arthur Andersen at the request of Vice President Cheney..... [More at site] And in completely separate news, proof that Lawrence Lindsay is to be stationed in Adac Alaska has surfaced in a cave...

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