Libya and deficits?

Discussion in 'Economy' started by Norman, Mar 21, 2011.

  1. Norman
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    Norman Gold Member

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    Does anyone have any idea how much this adds to the federal deficit of (is it now 1.54 trillion) this year?

    Or does it add at all, ie is it factored to the budget somehow ?
     
  2. B. Kidd
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    B. Kidd Gold Member

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    It has to add to the deficit. Cost of maintaining a no-fly zone ONLY in Libya's coastal region is estimated to be $30 to $100 million weekly. :eek:

    Costs of Libya operation already piling up - Yahoo! News
     
  3. B. Kidd
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    B. Kidd Gold Member

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    In other words, it costs too fuckin' much for what we get back in return.
     
  4. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    Got to put in work for those multi billion dollar oil contracts.
     
  5. B. Kidd
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    B. Kidd Gold Member

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    Libya only produces 3 per cent of the world's oil supply. Let the Arab oil producing countries pay us back in oil.
    What we'll spend in Libya could've secured our border with Mexico for years to come.
     
  6. Mr Clean
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    Mr Clean Gold Member

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    That's assuming US companies actually get the contracts.
     
  7. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    Libya just got started putting out oil again on a global level, they were under sanctions for decades for the Lockerbie bombing and the German disco bombing, there is alot of potential in Libya.:cool:
     
  8. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    We did have some of them, but when Obama publicly told Ghaddafi to step down Ghaddafi said Germany would be the only Western country allowed back into Libya because the Germans opposed the no fly zone. Obama sided with the rebels when he said that, so basically Ghaddafi needs to fall for us to have a crack at those oil contracts.:cool:
     
  9. B. Kidd
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    Know that. It occurred under Bush. We got alot of untapped oil we need to tap here. The tribal middleast will never be stable no matter how much money and blood we will need to continue to spend there to keep their oil flowing. Not cool.
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    from the article linked above....the pentagon has about a billion in its budget to cover actions such as this...so, unless it goes over a billion, it should not add to deficits.

     

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