Opportunity cost
Nick Kristof writes in the Times:
A Congressional study by the Joint Economic Committee found that the sums spent on the Iraq war each day could enroll an additional 58,000 children in Head Start or give Pell Grants to 153,000 students to attend college. Or if we’re sure we want to invest in security, then a day’s Iraq spending would finance another 11,000 border patrol agents or 9,000 police officers.
Imagine the possibilities. We could hire more police and border patrol agents, expand Head Start and rehabilitate America’s image in the world by underwriting a global drive to slash maternal mortality, eradicate malaria and deworm every child in Africa.
All that would consume less than one month’s spending on the Iraq war.
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You’re currently reading “Opportunity cost,” an entry on Bodhipaksa's blog, bodhi tree swaying
Published: Mar 23 2008
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Category: Religion & Society
No wonder people do not dare to comment on these facts, when America suffers from loan and finacial crises and have outsourced manufacturing to Communist China (have a look into what’s really going on inside those plants) – due to the huge business opportunities.