Friday, 1 July 2011

Four Trillion for War -- and Rising

Joe Conason, Salon
Anyone paying attention to the costs of U.S. military action in Iraq and Afghanistan must have known that the president badly underestimated those numbers on June 22, when he told the nation that we have spent "a trillion dollars" waging war over the past decade. For well over two years, we have known that the total monetary cost of those wars will eventually amount to well over $2 trillion, and might well rise higher, according to Nobel economist Joseph Stiglitz and his associate Linda Bilmes.What we didn't know until this week is that the expense in constant dollars --...

Source: http://www.realclearpolitics.com/articles/2011/07/01/four_trillion_for_war_--_and_rising_110430.html

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