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Bush prepares US for bigger engagement in Afghanistan and Iraq
Desiderius Erasmus, one of the greatest pacifists of all time, said, “War is delightful to those who have had no experience of it.” So, it is not surprising that US President, George W. Bush, who managed to avoid serving in Vietnam War by joining the Texas Air National Guard, is immensely enjoying it. Bush on May 2 laid out a detailed request for $70 billion to fund his war on terror that is going on in Iraq and Afghanistan.
Most of this $70 billion will be used to fund the wars after October 1 when a new president will be in office. The request will be shortly debated by the House of Representatives and if Congress approves this fund it will bring the total allocation for the wars in Iraq and Afghanistan to over $800 billion. Apart from the outright lies and laughably absurd falsehoods the Bush Administration gave to justify the war, it said before the invasion started that the war would cost between $50 billion to $60 billion; but now it is spending that amount up front every three to four months. In their book “The Three Trillion Dollar War”, Nobel Prize-winning economist, Joseph Stiglitz, of Columbia University and Harvard University professor Linda Bilmes have estimated the real cost of war to be $3 trillion.
This is the first time in the US history a war has been financed entirely by borrowing, largely from abroad. During the Vietnam War and Cold War, taxes were raised to meet the expenses but now Bush has cut taxes during this war and already added some $800 billion to the national debt. The largest profiteers are giant oil companies and the large defence contractors. The biggest losers are Iraqi people. The three trillion dollar burden on the US economy is nothing if we compare it with the plights and inexplicable suffering of Iraqi people. As Noam Chomsky said, if the Nuremberg laws were applied, then every post-war American president would have been hanged. George Bush Jr could well lead that pack.
K. Thirunavukkarasu
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
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Bush prepares US for bigger engagement in Afghanistan and Iraq
Desiderius Erasmus, one of the greatest pacifists of all time, said, “War is delightful to those who have had no experience of it.” So, it is not surprising that US President, George W. Bush, who managed to avoid serving in Vietnam War by joining the Texas Air National Guard, is immensely enjoying it. Bush on May 2 laid out a detailed request for $70 billion to fund his war on terror that is going on in Iraq and Afghanistan.Most of this $70 billion will be used to fund the wars after October 1 when a new president will be in office. The request will be shortly debated by the House of Representatives and if Congress approves this fund it will bring the total allocation for the wars in Iraq and Afghanistan to over $800 billion. Apart from the outright lies and laughably absurd falsehoods the Bush Administration gave to justify the war, it said before the invasion started that the war would cost between $50 billion to $60 billion; but now it is spending that amount up front every three to four months. In their book “The Three Trillion Dollar War”, Nobel Prize-winning economist, Joseph Stiglitz, of Columbia University and Harvard University professor Linda Bilmes have estimated the real cost of war to be $3 trillion.
This is the first time in the US history a war has been financed entirely by borrowing, largely from abroad. During the Vietnam War and Cold War, taxes were raised to meet the expenses but now Bush has cut taxes during this war and already added some $800 billion to the national debt. The largest profiteers are giant oil companies and the large defence contractors. The biggest losers are Iraqi people. The three trillion dollar burden on the US economy is nothing if we compare it with the plights and inexplicable suffering of Iraqi people. As Noam Chomsky said, if the Nuremberg laws were applied, then every post-war American president would have been hanged. George Bush Jr could well lead that pack.
K. Thirunavukkarasu
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
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