A Quote by Joseph Stiglitz
Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.
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In terms of Iraq, al Qaeda valued Iraq because we destroyed a government it wanted destroyed and because we put soldiers on the ground and forces that they could attack. Al Qaeda is basically an insurgent organization that was formed on the model of the Afghan groups. And being bred in that war, they value a contiguous safe haven as much as anything else.
I think what history will show is that one of the most tragic results of the war in Iraq will be that although Sharon, the Likudites, the Neoconservatives in our country, President Bush and the Democratic party thought the war in Iraq and destroying Saddam would benefit Israeli security, we're seeing absolutely that the war in Iraq has probably put Israeli security in a more tenuous condition than it's been in since the founding of the Israeli state.
The war against Iraq is as disastrous as it is unnecessary; perhaps in terms of its wisdom, purpose and motives, the worst war in American history... Our military men and women...were not called to defend America but rather to attack Iraq. They were not called to die for, but rather to kill for, their country. What more unpatriotic thing could we have asked of our sons and daughters...?
We can no longer afford the war in Iraq. Our financial costs have already passed a third of a trillion dollars; the lifetime costs for this war, in both human and economic terms, will be borne by Americans for generations to come.
What is being talked about now is the probability of the Sharon government launching an attack against Lebanon to eliminate the resistance of Hezbollah by using the American war against Iraq. But, of course, in this case, we will certainly fight with all our strength.
Victory is the most important aspect in Iraq, because victory in Iraq will help us have victory in the War on Terror.
As they were during the Cold War, urban population centers remain the most likely targets of a nuclear attack. Now, however, an attack may come without warning from an unknown enemy, to achieve unclear motives.
Most people here agree that the rhetoric got overblown on both sides of the Atlantic before the Iraq war, and it was a disagreement among friends over the timing, not the substance, of the Iraq war.
In fact, for just about 1/6 of the cost of an Iraq War, we could have put the social security system on sound financial footings for the next 50 to 75 years. The problems can be managed - but not if we continue to fight this war for another 80 years.
Most people think of success in terms of getting; success, however, begins in terms of giving.
When gasoline and rubber are rationed, electric power and transport facilities are becoming increasingly scarce, and manpower shortages are developing, it is difficult for people to understand their increased use for other than the most vital needs of war.
This Iraq war has been the most "privatized" war in America's history. It has seen the most extensive use of contractors. The contractors have increased the costs; but they have been necessary - the military simply could not have done it on their own. we would have had to increase the size of the military. But the George W. Bush Administration wanted America to believe that it could have a war, essentially for free, without raising taxes, without increasing the size of the armed forces.
I know that nobody who hasn't been in battle or under attack can know what war is. But even in terms of being safe at home, it's also true that many Americans who think they know what being at war is, don't. Including, of course, George W. Bush and his people. They don't have a clue.
In 'The Hunger Games,' in most people's idea, in terms of rebellion or a civil-war situation, that would meet the criteria for a necessary war. These people are oppressed, their children are being taken off and put in gladiator games. They're impoverished, they're starving, they're brutalized.
The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
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