10/1/06

The War is a Black-hole Bankrupting the Nation

It was another bad week in Iraq. While bodies were piling up in the Baghdad morgue and the militia fighting steadily intensified, the Bush administration was hit with a rash of PR scandals that are bound to further erode public support for the war.

The worst of these is the National Intelligence Estimate (NIE) which was leaked to the New York Times and which stated that “the American invasion and occupation of Iraq has helped spawn a new generation of Islamic radicalism and that the overall terrorist threat has grown since the 9-11 attacks.” The NIE carries great weight because it represents the unanimous judgment of all 16 of the American intelligence agencies.

Iraq has become a black-hole swallowing up boatloads of cash that otherwise would have been earmarked for education, health care, infrastructure and security.

Iraq is devouring resources at an unprecedented pace and producing nothing in return. There’s no more “happy talk” from officials in the Bush administration about how “Iraq will pay for itself” through oil revenues as Paul Wolfowitz foolishly stated prior to the invasion.

The war is bankrupting the nation while grooming the next generation’s terrorists. This is the very definition of failure.

[Excerpt of article by Mike Whitney, Information Clearing House]

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