Costs of Iraq War

clipped from time-blog.com

Stiglitz was here to promote his soon-to-be-published book on the true cost of the Iraq war, which he and Linda Bilmes of Harvard University put at $3 trillion. This is a little bit higher than what some other people have said in the past. In fact, it’s nearly a trillion dollars more than what Stiglitz and Bilmes themselves were saying not much more than a year ago.The figure is so big because Stiglitz and Bilmes don’t just count operating costs – like the $12.5 billion a month is takes to run the war on the ground – but long-term expenditures, too. They tally up things like how much money the government will have to spend taking care of disabled veterans, what the war has done to the price of oil, and the cost of replacing military equipment that is wearing out much faster than it would have otherwise.

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Published in: on February 24, 2008 at 10:45 pm  Leave a Comment  

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