http://www.thestar.com/columnists/article/295870How the Iraq war's $2 trillion cost to U.S. could have been spent Jan 21, 2008 04:30 AM
Craig and Marc Kielburger
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"Would the American people have had a different attitude toward going to war had they known the total cost?" Bilmes and Stiglitz ask in their report. "We might have conducted the war in a manner different from the way we did."
It's hard to comprehend just how much money $2 trillion is. Even Bill Gates, one of the richest people in the world, would marvel at this amount. But, once you begin to look at what that money could buy, the worldwide impact of fighting this largely unpopular war becomes clear.
Consider that, according to sources like Columbia's Jeffrey Sachs, the Worldwatch Institute, and the United Nations, with that same money the world could:
- Eliminate extreme poverty around the world (cost $135 billion in the first year, rising to $195 billion by 2015.)
- Achieve universal literacy (cost $5 billion a year.)
- Immunize every child in the world against deadly diseases (cost $1.3 billion a year.)
- Ensure developing countries have enough money to fight the AIDS epidemic (cost $15 billion per year.)
In other words, for a cost of $156.3 billion this year alone – less than a tenth of the total Iraq war budget – we could lift entire countries out of poverty, teach every person in the world to read and write, significantly reduce child mortality, while making huge leaps in the battle against AIDS, saving millions of lives.
Then the remaining money could be put toward the $40 billion to $60 billion annually that the World Bank says is needed to achieve the Millennium Development Goals, established by world leaders in 2000, to tackle everything from gender inequality to environmental sustainability.
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