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.
I host a daily public affairs radio show in San Francisco called Your Call. It airs from 11 am - noon PST on KALW 91.7 FM. I am also happy to report that I recently got a book deal with PoliPoint Press to write about my road trip through the heartland and the interviews I did with people about why they vote the way they do (or not). It's scheduled to be out in September.
Friday, January 19, 2007
Cost of Iraq Occupation Could Top $2 Trillion
What a waste of so much money and so many innocent lives.
"What a waste of so much money and so many innocent lives."
ReplyDeleteAnd it looks like the Dems are going to let it continue for at least a couple more years.
Unless the progressives start demanding some accountability.
Call me a dreamer.