Tag Archives: Trillion Dollars

UN Chief Says Global Warming Reduction Is Expensive

Global warming could cost the world up to $20 trillion over the coming decades in the effort to develop cleaner energy sources according to a new report issues by UN Secretary General, Ban ki-moon. The report will be a major topic of discussion at the upcoming two day climate meeting in Febrary which is intended to help shape the direction of UN policy on climate control. A new climate control treaty is expected by 2009 that will replace the existing Kyoto Agreement. The Kyoto pact requires the 37 industrial nations to reuce greenhouse gases by a relatively modest 5% on average.

Much of the focus on climate control debate revolves around the United States which simply has refused to cooperate with nations of the world and the emerging industrial giants of China and India which are and increasingly will become major sources of pollution. The 52 page report by Ban argues that a global investment of betwen $15 to $20 trillion will be required “to place the world on a markedly different and sustainable energy trajectory.”

A great unknown is the attitude of the new American president who will assume office in January of 2009. Will she/he be an activist in the struggle to control the effects of global warming or will she/he ignore it as has been the policy of George Bush? Only the future knows the answer to that question.

America’s Trillion Dollar Wars- Just Keep Counting That’s Not The Final Figure

By the end of this fiscal year President George Bush would have requested $196 Billion for the wars in Iraq and afghanistan pushing total expenditures to about $806 Billion, a figure that is greater than the cost of fighting the Vietnam and Korean wars. However, that figure is not completely correct since interest payments will run another $1 Trillion. Some economists point out if the cost of veteran benefits, including disability costs, is added into the total we might even be envisioning a $3 Trillion final total for the Bush search for ever elusive WMD. Speaker of the House, Nancy Pelosi, noted that Bush vetoed a bill to provide medical care for children that would have cost the American government the equivalent of 40 days fighting in Iraq. As an aside, the record keeping of the State Department is so bumbled that it can not even account for the $1.2 Billion it paid DynCorp for its services in Iraq.

President Bush had a wounded soldier by his side as he asked Congress for more money. Since day one of this fiasco, Bush has played the patriot and fear cards in order to compel Congress to do his biding. An American tragedy is how readily supposedly intelligent political leaders of this country were able to be frightened into granting Bush his way. Few stood up and demanded an accounting of why war, why such a costly war, and why couldn’t diplomacy have achieved results.