The cost of the war also includes State Department spending and massive obligations for veterans' medical and disability costs.
What's more, the chamber contended that the state's finances are too precarious to take on such a massive new obligation.
The state, saddled with a $25.4 billion deficit, and with a reputation for taking an unusually long time to pass a budget, also faces a massive pension obligation, which some estimates place around half a trillion dollars.
But Mr. Collor inherited massive governmental obligations from his predecessor, obligations that could greedily - and quickly - devour the new tax collections.
Experts familiar with HCR ManorCare said it was massive financial obligations that led the company to bankruptcy.
While Cuba was busy cutting several million government employees, Obama was spending billions creating new government union jobs- saddling future generations with massive pension obligations.
Few would argue that Sirius is in good shapethe company has massive debt obligations and is struggling with a drop in new subscribersbut its founder is more pessimistic than most about the companys future.
Given his maverick reputation, and the need to generate revenue growth to meet massive debt obligations, count on a Zell-led Tribune to try just about anything to drum up business.
Greece is seeking a debt restructuring that would alleviate the burden of its massive financial obligations and release about $8 billion in previously agreed-upon bailout funds, in turn preventing a default and potential exit from the euro currency.
Amid legitimate concerns about cost and debt, we should be wary of alarmist rhetoric and headlines suggesting the average college graduate is jobless and staggering under massive loan obligations.
As the industry's woes accelerated in recent years, the automakers have been wrangling with the UAW over their massive contractual obligations to provide retiree health coverage; in 2007 a deal was struck to spin off the retiree health plans into a standalone trust that would receive $60 billion in one-time payments from the companies.
