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The Three Trillion Dollar War: The True Cost of the Iraq Conflict |
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Written by yudhistira
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Saturday, 15 March 2008 |
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 The Three Trillion Dollar War: The True Cost of the Iraq Conflict by: Joseph E. Stiglitz, Linda J. Bilmes
The true cost of the Iraq War is $3 trillion—and counting—rather than the $50 billion projected by the White House.
Apart
from its tragic human toll, the Iraq War will be staggeringly expensive
in financial terms. This sobering study by Nobel Prize winner Joseph E.
Stiglitz and Harvard professor Linda J. Bilmes casts a spotlight on
expense items that have been hidden from the U.S. taxpayer, including
not only big-ticket items like replacing military equipment (being used
up at six times the peacetime rate) but also the cost of caring for
thousands of wounded veterans—for the rest of their lives. Shifting to
a global focus, the authors investigate the cost in lives and economic
damage within Iraq and the region. Finally, with the chilling precision
of an actuary, the authors measure what the U.S. taxpayer's money would
have produced if instead it had been invested in the further growth of
the U.S. economy. Written in language as simple as the details are
disturbing, this book will forever change the way we think about the
war.
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