Viser opslag med etiketten William Hartung. Vis alle opslag
Viser opslag med etiketten William Hartung. Vis alle opslag

onsdag den 6. april 2011

War Dollars Could Fill Deficit Gaps of All State Budgets.

In a commentary on Huffington Post yesterday William Hartung, the director of the Arms and Security Project at the Center for International Policy, estimated that the amount of money spent on the war in Afghanistan could fill the deficit gaps of all state budgets:

"...Those genuinely concerned about war costs need to go where the money is -- Afghanistan. The Pentagon has asked for $113 billion to fight the war there for this year, roughly two and one-half times what has been requested to support the United States' dwindling commitment in Iraq. That gap will only increase as troop numbers in Iraq continue to fall. To put this in some perspective, the entire Gross Domestic Product of Afghanistan is about $29 billion per year, which means that annual U.S. expenditures on the war are nearly four times the value of the entire Afghan economy. That number would obviously change if the drug economy were taken into account, but it is stunning nonetheless.

The tax dollars being spent on Afghanistan are enough to offset the $100 billion per year that House Republicans are seeking to cut from next year's budget, or enough to fill the projected budget gaps of the 44 states that expect to run deficits in 2012. In other words, if the Afghan war ended and the funds allocated for it were returned to the states, no state in America would run a deficit next year. This would save millions of jobs of teachers, police, firefighters and other public employees while holding the line on basic services like Medicaid and income support for families in poverty. This would in turn be good for the economy as a whole. Military spending creates fewer jobs than virtually any other form of expenditure, from education to housing to transportation. So shifting funds away from war spending will result in a net increase in jobs nationwide...."

Source: William Hartung, America's Costliest War, Huffington Post April 5. 2011.