Sunday, January 08, 2006

Experts Say Iraq War Will Cost at Least $1 Trillion

Its being reported that the cost to the US of the Iraq invasion and occupation will be in excess of 1 trillion dollars.
"In a paper presented to this week's Allied Social Sciences Association annual meeting in Boston, Linda Bilmes of Harvard and Nobel Laureate Joseph E. Stiglitz of Columbia University said the final bill is likely to be much higher than the Bush administration estimates.

The study includes the cost of disability payments and health care for the over 16,000 injured military personnel -- one-fifth of whom have serious brain or spinal injuries. Stiglitz and Bilmes also analyzed the costs to the economy, including the economic value of lives lost and higher oil prices."