Monday, March 10, 2008

The Cost of War

The Iraq War will cost us taxpayers $3 trillion dollars.

That's "trillion" with a "T."

That's $12 billion a month.

That's a lot of debt your grand kids will have to pay off.

Linda Blimes and Joseph Stiglitz did the math for an op-ed in Sunday's Washington Post. Their sum comes up a lot higher than the $60 billion the Bush administration promised before Baghdad fell.

The problem is with the hidden costs:

  • Money to help future veterans

  • Re-equipping a depleted military

  • Hidden costs in the Defense budget

Then there's the $500,000 each family receives when a service member is killed in combat. Close to 4,000 so far.

And there are hidden costs hitting our economy, like the massive debt we've run up borrowing money for the war and the family members who've had to leave the workforce to take care of a wounded relative. (WaPo)

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