Friday, February 29, 2008

The True Cost of the Iraq Conflict

The Three Trillion Dollar War: The True Cost of the Iraq Conflict
By: Joseph Stiglitz and Linda Bilmes

One week after President Bush rejected charges that the war in Iraq has hurt the US economy, a new book puts a conservative estimate of the war’s cost at $3 trillion. In their first national broadcast interview upon their book’s publication, Nobel laureate and former chief World Bank economist, Joseph Stiglitz, and co-author Linda Bilmes of Harvard University say the Bush administration has repeatedly low-balled the cost of the war—and even kept a second set of records hidden from the American public.

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