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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (31935)	11/25/2003 12:23:59 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 89467

Thank gawd, we haven't pissed away a Viet Nam style fortune yet..... BTW, is Nordhaus' calculation available on the Web? His claim seems far-fetched. I'd like to see the numbers. :) I've come up with an article that comes to a differing conclusion by Nordhaus as of a few months ago: yale.edu As of April, 2003, Nordhaus had this to say: "Nevertheless, as wars involving the United States go, the economic impact of the war with Iraq is relatively small in comparison to the nation's two most expensive military conflicts, the Civil War and World War II, said Nordhaus, Sterling Professor of Economics. Nordhaus predicted that the current war will cost the United States about $400 billion dollars, including American investment in post-war occupation and peacekeeping in Iraq, and rebuilding the country. In terms of economic impact, he likened this war to such "small" U.S. wars as the Mexican War and the Spanish-American War."