The costs of Congress’ ethanol mandate have been well documented. It is diverting more and more corn away from food and into fuel (25% this year and 35% next year) causing the price of both go to up. Consumers here in the U.S. are paying for Congressional shortsightedness at the pump and in the grocery store, and world wide the mandates are contributing to deadly food riots. So what are Americans getting for all this pain here at home and abroad. National Review‘s David Freddoso investigates: What exactly do we …
We’ve already addressed Jospesh Stiglitz and his claims that the Iraq war will cost $3 trillion (except when it costs $5 trillion) a number of times. But now that he is getting air time in front of Congress others are also documenting how far fetched his claims really are. From New York Sun’s Christopher Wilcox: The intellectual dishonesty of this book can be most clearly seen, however, in its discussion of general American defense spending. The authors note that defense expenditures have been “rising rapidly as a share of GDP …
During Gen. David Petraeus’ testimony this week, the anti-war movement tried their best to exaggerate the costs of security in Iraq. They trotted out Joseph Stiglitz who peddled admittedly inaccurate war cost estimates topping out at $5 trillion (or $3 trillion or $2 trillion … depending on how Stiglitz was feeling that day). Completely ignored by the MoveOn.org crowd are both the costs of leaving Saddam Hussein’s murderous regime in power and the potential costs of a rapid withdrawal along the lines promised by Barack Obama. Looking back, a 2006 …
