Cost of Iraq Occupation Could Top $2 Trillion
What a waste of so much money and so many innocent lives.
The cost of the Iraq war could top $2 trillion after factoring in long-term healthcare for wounded US veterans, rebuilding a worn-down military, and accounting for other unforeseen bills and economic losses, according to a new analysis to be presented today in Boston.
The estimate by Columbia University economist Joseph E. Stiglitz and Harvard lecturer Linda Bilmes far exceeds projections made by the Bush administration.
The figure is more than four times what the war was expected to cost through 2006 -- around $500 billion, according to congressional budget data.