Tuesday, September 6, 2011

Professor Joseph Stiglitz at Columbia Universi...Image via Wikipedia Link of the Day Sept 6 2011: A calmlydispassionate account by Nobel Laureate Joseph E. Stiglitz of the cost ofAmerica’s recent disastrous wars. For everything one needs to know about theparlous state of the United States, read his article The Cost of 9/ll,published online in the Project Syndicate.
 (“Indeed, when Linda Bilmes and I calculated America’s war costs three years ago, the conservative tally was $3-5 trillion. Since then, the costs have mounted further. With almost 50% of returning troops eligible to receive some level of disability payment, and more than 600,000 treated so far in veterans’ medical facilities, we now estimate that future disability payments and health-care costs will total $600-900 billion. But the social costs, reflected in veteran suicides (which have topped 18 per day in recent years) and family breakups, are incalculable.”)

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