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Thursday, April 29, 2004

spending $5 billion a month

the “we’re spending $5 billion a month in iraq” figure is being thrown around a lot… and lots of people are thinking about what that money could do…. but one thing i haven’t seen yet is what it could do… in iraq.

according to the cia, the gdp per capita in 2002 was $2400. with just under 25 million iraqi citizens (ok, a few less than that now…) that means the gdp in 2002 was $60 billion. oddly, that works out to about $5 billion a month.

maybe we should’ve just called some underemployed enron negotiators to arrange a leveraged buyout.

posted by roj at 12:06 am