[Must Watch] Wars could cost over $4 trillion - English
Although a new study has doubled the US war costs, it does not account for the enormous subsequent expenses for the injured troops, a US analyst...
Although a new study has doubled the US war costs, it does not account for the enormous subsequent expenses for the injured troops, a US analyst says.
"The cost of taking care of [the injured troops] … has not really been taken into account seriously, either by economists or by political figures in the United States," historian and investigative journalist Gareth Porter told Press TV on Thursday.
The new study, conducted by the Nobel Prize winner for economics Joseph Stiglitz and Harvard University Professor Linda Bilmes, shows that the long-term costs of the US wars in Afghanistan and Iraq doubles initial estimates, suggesting the revised six-trillion-dollar figure.
The analyst also warned that "the institutional interests of the military itself [is] so enormous that the [US] military is absolutely determined to avoid an end to this war any time soon."
Porter called on the people and the politicians in the United States to take action to make their government bring the wars to an end.
http://edition.presstv.ir/detail/144762.html
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Wars could cost over $4 trillion
Authors of the book The Three Trillion Dollar War now estimate that the total cost of the wars in Iraq and Afghanistan could top $4 trillion over time. A lagging economy, increases in the cost of medical care, higher than expected expenditures on post-combat medical and psychiatric care, and a surge in disability benefits are likely to place a significant strain on the federal budget.
House Veterans Affairs Chairman, Bob Filner (D-California), stated:
"This may be more of a crisis than the Medicare and Social Security problems we have looming...It rivals both in the potential impact. This is another entitlement we've committed ourselves to, and it could break the bank."
Filner aims on utilizing the latest cost estimates to propose a "veterans trust fund" to pay for the long-term war expenses, a proposal that has so far found minimal support in the Democratic-led House due to the startling price tag associated with it.
Having already blown past original cost projections, combat operations alone in Iraq, Afghanistan, and Pakistan have cost nearly $1.1 trillion in nine years. With well over 30,000 maimed for life, a PTSD epidemic, and record suicide rates (in the military), an estimated price tag of at least $4 trillion over the next several years appears to be reasonable.
As a result, those who claim to be fiscally conservative should take a long hard look at the immense cost of open-ended, overseas wars, especially at a time when America could be facing a debt crisis in the not-too-distant future. Vague objectives, shifting benchmarks, imprecise definitions of victory, and unclear exit strategies inevitably lead to costs that far exceed initial budget estimates.
In addition, those who claim to espouse a more progressive, anti-war stance should take a long hard look at the current war policy, as the trillions being spent could be better invested in infrastructure, health care, education, alternative energy, and other domestic programs. Perhaps the strategy of electing leaders who espouse peace, fiscal responsibility, and change in U.S. foreign policy, yet intensify wars, spend even more on the military, and adopt much of their despised opponents' previous platform, should be more critically examined.
http://caivn.org/article/2010/09/30/wars-could-cost-over-4-trillion
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[11 July 13] israel military detains 5-year-old Palestinian for stone...
When the MP expenses scandal broke in 2009, it led to a dramatic drop in public trust in Parliament. In response, the parliament set up a committee...
When the MP expenses scandal broke in 2009, it led to a dramatic drop in public trust in Parliament. In response, the parliament set up a committee to review the expenses system and stop the abuse.
MPs used public money to fund hotel stays, wide screen TVs and gardening bills. In a move that will infuriate many that committee has today recommended MPs receive a more than 10% pay rise.
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Israel to jump-start its settlement expansion - English
Israel is to allocate $ 250 million to further expand its settlements in the occupied West Bank territories over the next two years despite...
Israel is to allocate $ 250 million to further expand its settlements in the occupied West Bank territories over the next two years despite international objections.
The figure is contained in the 2009-2010 budget, which passed its first reading in the Knesset (parliament) last week, army radio said Sunday.
The move by the Knesset comes despite calls by the international community including Tel Aviv's staunch ally--Washington-- to Israel to halt its settlement expansion.
Some 125 million dollars (90 million euros) is to be used for various security expenses, with most of the rest allocated to housing construction, the radio said.
The Peace Now anti-settlement watchdog has declared that the settlement spending in the two-year budget could be far higher that by "spreading over several sections of budget."
"The official figures are nothing but the tip of the iceberg and the Israelis will pay not only a political price for the settlements, but also an economic one," the head of the group Yariv Oppenheimer said.
Israel's two-year 159-billion-dollar budget must pass two more readings in the Knesset.
Israel's settlement activities have been described as the main obstacle in the way of peace process
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"Inside Job" directed by Charles Ferguson - 26 Feb. 2011 -...
In this edition of Cine Politics, the documentary movie "Inside Job" directed by the Oscar-nominated filmmaker Charles Ferguson is...
In this edition of Cine Politics, the documentary movie "Inside Job" directed by the Oscar-nominated filmmaker Charles Ferguson is reviewed.
The movie focuses on the devastating global financial crisis of 2008. It also traces the deregulation, speculation and corruption that led to the worst financial crisis since the great depression.
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[20 May 13] Canada\\\'s government, senate under corruption...
This week it was publicized that if you are looking for corruption in parliament, then turn to the Senate, or as it was put, Canada\'s dirty little...
This week it was publicized that if you are looking for corruption in parliament, then turn to the Senate, or as it was put, Canada\'s dirty little secret, the anachronism imposed by Britain, and critics say despite scandals nothing will change and no one will be held accountable.
An ongoing investigation over Canada\'s Senators involving in false housing and living expenses has shattered the image of the senate, it has forced senators to leave and recently it was Pamella Wallin who resigned from the conservative caucus.
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[02 Dec 2013] israel PM is under fire for squandering public money on a...
Israel\'s Prime Minister Benjamin Netanyahu is under fire by Israeli media for squandering public money on a posh lifestyle.
Reports of...
Israel\'s Prime Minister Benjamin Netanyahu is under fire by Israeli media for squandering public money on a posh lifestyle.
Reports of Netanyahu\'s plush items of interest come at a time when Tel Aviv is facing tough austerity measures. In a detailed document released by a civil liberties group, Netanyahu\'s alleged expenses on fancy whim-wham, including scented candles, flowers and ice cream, exceeded 900-thousand dollars in 2013 alone. Israelis have long been weary of Netanyahu\'s lavish lifestyle, and his failure to address the middle class\'s economic woes. Activists have held several large rallies to protest Tel Aviv\'s economic policies. Netanyahu\'s office has responded by saying that this year, they\'ve spent less than last year.
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[20 Dec 2013] Obama plan for US nuclear weapons will cost $355bn over...
The US Congress says President Barack Obama\\\'s plans for the country\\\'s nuclear arsenal will cost 355 billion dollars over the next decade....
The US Congress says President Barack Obama\\\'s plans for the country\\\'s nuclear arsenal will cost 355 billion dollars over the next decade.
The Congressional Budget Office has issued a report saying the expenses will cover the modernization of nuclear weapons, their delivery systems, and nuclear weapons production laboratories. The CBO report also said the cost is nearly one hundred and 50 billion dollars more than the administration\\\'s initial request last year. The US president claims the nuclear modernization plan is needed to boost the security of the US military and give political leaders enough confidence in nuclear talks with other world powers. The new nuclear budget request comes as US officials continue to wrangle over the country\\\'s rising budget deficit.
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Howza Life: Budgeting for a Howza Student | English
Howza students Muzaffer and Syeda discuss finances for a Howza Students.
Being a Howza Student means you’re going to have budget extra...
Howza students Muzaffer and Syeda discuss finances for a Howza Students.
Being a Howza Student means you’re going to have budget extra carefully. Being away from home in a foreign country is not always easy!
What will your monthly expenses be as a Howza Student?
What about if you have children? What about their school fees?
What’s the difference between Tomans and Rials?
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Relying on Allah (SWT) in a Tawheedi Way + Du\'a Kumayl - Sheikh...
Please donate to Alwalayah\'s Muharram expenses by visiting our gofundme link: https://charity.gofundme.com/o/en/cam... or by donating at...
Please donate to Alwalayah\'s Muharram expenses by visiting our gofundme link: https://charity.gofundme.com/o/en/cam... or by donating at http://al-walayah.org
Thank you for your generosity.
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