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View Poll Results: How long do you believe that this war is economically sustainable?
Indefinitely - Our economy is bottomless 9 39.13%
Ten Plus Years - We can't do this forever, but close to it 1 4.35%
7 to 10 years - A good long time, but we'd eventually hit a crash. 2 8.70%
5-7 years. We could make it one more presidential turn before an economic blowout. 1 4.35%
3-5 Years. The new president would have to be quick to win or draw or face recession (or worse!) 2 8.70%
1-3 Years. We are facing the wall, blindfolded. We need to act quick! 4 17.39%
0-1 years. We will see the effects of a recession (or worse) before the election. 4 17.39%
Voters: 23. You may not vote on this poll

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Old 08-24-2007, 04:28 AM  
Taco John Taco John is offline
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How long do you believe that this war is economically sustainable?

An interesting question for those who might be willing to look forward and speculate....
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Old 08-24-2007, 06:17 AM   #2
Simplex3 Simplex3 is offline
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You have to define sustainable. You mean "without any effect on our lifestyle"? If so, then we're probably already past that. If you mean "without having to cut back on giving the troops the absolute best of everything", then we may be closing in on it. If you mean "until we can't afford to send bullets" then it's pretty much infinite.

Though technically we're in deficit spending every year, so we can't afford anything that we're doing.
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Old 08-24-2007, 07:42 AM   #3
patteeu patteeu is offline
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Longer than medicare.

What are we at now, somewhere between 0.5 and 1.0% of GDP?
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Old 08-24-2007, 09:56 AM   #4
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Just in terms of economics it's pretty much indefinite.
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Old 08-24-2007, 10:00 AM   #5
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I think the better question is, "How long before they run out of volunteers and they start drafting people again." Luckily, i've completed my eight year commitment.
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Old 08-24-2007, 10:02 AM   #6
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Old 08-24-2007, 10:09 AM   #7
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by patteeu
Longer than medicare.

What are we at now, somewhere between 0.5 and 1.0% of GDP?
GDP is a flawed statistic. If its so cheap foot the bill now.
It's being financed by the printing press.
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Old 08-24-2007, 10:22 AM   #8
Cochise Cochise is offline
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I read that in 2005 (i think) the war cost 5% of the total federal budget.
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Old 08-24-2007, 10:24 AM   #9
patteeu patteeu is offline
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Quote:
Originally Posted by BucEyedPea
GDP is a flawed statistic. If its so cheap foot the bill now.
It's being financed by the printing press.
Federal revenues are over 18% of GDP. More than enough to pay for the war in Iraq if we eliminate other, less important spending.
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Old 08-24-2007, 10:47 AM   #10
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I voted the first option because as long we have idiots willing to excuse this debacle then they will find creative ways to bankrupt the country to help pay for the foolishness.
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Old 08-24-2007, 10:49 AM   #11
BucEyedPea BucEyedPea is offline
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War is just another govt program added to the mix that we don't need.
It's inflationary and inflation is higher than is being let on.
GDP is a flawed statistic period to a Misean.
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Old 08-24-2007, 10:52 AM   #12
Mr. Laz Mr. Laz is offline
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Quote:
Originally Posted by patteeu
Longer than medicare.

What are we at now, somewhere between 0.5 and 1.0% of GDP?
if the war in Iraq would allow the right to kill all the social programs in American they will renew their support with great enthusiasm.
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Old 08-24-2007, 11:00 AM   #13
patteeu patteeu is offline
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Quote:
Originally Posted by BucEyedPea
GDP is a flawed statistic period to a Misean.
I suspect that almost any economist would say it's a flawed statistic. So what?

Markets are flawed too, but in another thread you countered tiptap's statement to that effect by correctly pointing out that the alternative (central planning) is even more flawed. Even if GDP is a flawed statistic, it is still better than a complete lack of perspective about the cost of this war (although I can understand why the anti's would want to keep everyone in the dark and pretend that the costs are crushingly ginormous.)
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Old 08-24-2007, 11:01 AM   #14
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Quote:
Originally Posted by Laz
if the war in Iraq would allow the right to kill all the social programs in American they will renew their support with great enthusiasm.
Make war, not (government) cheese!
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Old 08-24-2007, 11:05 AM   #15
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Quote:
Originally Posted by patteeu
Even if GDP is a flawed statistic, it is still better than a complete lack of perspective about the cost of this war (although I can understand why the anti's would want to keep everyone in the dark and pretend that the costs are crushingly ginormous.)
Spending as a % of federal expenditures seems like a good measure.

But, you are correct, the standard battle plan seems to be that if measures and data refute the predetermined position... call the measures invalid, say that the truth can't really be measured, and you're still right, thus rendering it impossible to empirically examine.
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