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Monetary cost of the Iraq War PDF Print E-mail
Peace News
Thursday, 12 January 2006 02:55

Monetary cost of the Iraq War

PEJ News - Beneath the body count, the untold human suffering, and the cavalier manipulation of the geopolitical context, consider the crass issue of money.

After being told by AID Administrator Andrew Natsios in 2003 that Iraqi reconstruction would cost American taxpayers less than $1.7 billion (Secrecy News, 12/08/05 ) comes a scholarly review refuting this ?nose stretcher? by several orders of magnitude.  Would you believe that even the current cost estimates of hundreds of billions (yes real American dollars) may truly "underestimate the War's true costs to America by a wide margin." (Linda Bilmes and Joseph Stiglitz) [Yes, that?s Stiglitz the Nobel Laureate not some indy-media flake. ]

-- Space & Technology Editor, www.pej.org


In measuring the direct and indirect costs of the Iraq war, "We can state, with some degree of confidence, that they exceed a trillion dollars," Bilmes and Stiglitz write.

See "The Economic Costs of the Iraq War: An Appraisal Three Years After the Beginning of the Conflict" by Linda Bilmes and Joseph E. Stiglitz, January 2006:  http://www2.gsb.columbia.edu/faculty/jstiglitz/Cost_of_War_in_Iraq.htm

See also, ?Top Ten War Profiteers of 2004? (https://www.pej.org/html/modules.php?op=modload&name=News&file=article&sid=1362)


Last Updated on Thursday, 12 January 2006 02:55

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