Iraq war's creeping costs

[NeoConsSuck]

Source: CNN.COM

NEW YORK (CNNMoney.com) -- The Iraq war may be funded largely with Uncle Sam's borrowed cash, but don't think American consumers will escape without taking a hit in the wallet.

From steeper mortgage payments to higher fuel prices, the cost of the war is already starting to sink in.

And while the burden on the nation's overall economy is currently fairly small, the longer term effects of redirected investment and restricted borders could hurt the country's competitiveness.

The nation has spent $415 billion in Iraq and another $190 billion since 2001 fighting the "war on terror," which includes the fighting in Afghanistan, according to a recent report from the Congressional Budget Office, Congress' nonpartisan research arm.



Read more: http://money.cnn.com/2007/10/23/news/economy/iraq_costs/index.htm?cnn=yes

[tekisui]

1. So, China and Japan are funding the occupation.

This should all work out just fine for us.:sarcasm:

[ClintonTyree]

2. What are these guys freaking smoking?

"And while the burden on the nation's overall economy is currently fairly small"...... :wtf:

Maybe for those in the top 3% income bracket, but for the REST of America the shit has ALREADY hit the fan. Must be nice to sit in the Ivory Tower and look down upon the peasants. :eyes: