SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: regli who wrote (56421)3/21/2006 10:29:28 PM
From: NOW  Read Replies (1) of 110194
 
That's because they've completely given up on decent, normal accounting at the Pentagon. Joseph Stiglitz, the Nobel Prize winning economist, and a colleague at Harvard have put together a real Pentagon budget which, for the wars we're fighting right now, comes out to about $2 trillion. What they've added in are things like interest on the national debt that was used to buy arms in the past. Turns out to be quite a few billion dollars. Above all, they try to get a halfway honest figure for veterans' benefits. For this year, it's officially $68 billion, which is almost surely way too low given, if nothing more, the huge number of veterans who applied for and received benefits after our first Gulf War.

tomdispatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News