- Sep 27, 2005
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That's one million dollars 12 thousand times, that's a month.
How many homes could you buy with that? How many of our children would have their college loans paid for? If we had universal healthcare would it cost 12 billion a month?
Sun Mar 9, 5:02 PM ET
The flow of blood may be ebbing, but the flood of money into the Iraq war is steadily rising, new analyses show. In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the "burn" rate of its earliest years, Nobel Prize-winning economist Joseph E. Stiglitz and co-author Linda J. Bilmes report in a new book.
Beyond 2008, working with "best-case" and "realistic-moderate" scenarios, they project the Iraq and Afghan wars, including long-term U.S. military occupations of those countries, will cost the U.S. budget between $1.7 trillion and $2.7 trillion ? or more ? by 2017.
Interest on money borrowed to pay those costs could alone add $816 billion to that bottom line, they say.
How many homes could you buy with that? How many of our children would have their college loans paid for? If we had universal healthcare would it cost 12 billion a month?
Sun Mar 9, 5:02 PM ET
The flow of blood may be ebbing, but the flood of money into the Iraq war is steadily rising, new analyses show. In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the "burn" rate of its earliest years, Nobel Prize-winning economist Joseph E. Stiglitz and co-author Linda J. Bilmes report in a new book.
Beyond 2008, working with "best-case" and "realistic-moderate" scenarios, they project the Iraq and Afghan wars, including long-term U.S. military occupations of those countries, will cost the U.S. budget between $1.7 trillion and $2.7 trillion ? or more ? by 2017.
Interest on money borrowed to pay those costs could alone add $816 billion to that bottom line, they say.
