Nobel Winning Economist Joseph Stiglitz | "True Cost Of Iraq War"

Of course this won't matter to the Bushistas because this has -from day one- been a war for profiteering.

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Three trillion dollars - Nobel winning economist tabulates true cost of Iraq war

Joseph Stiglitz, a Nobel prize-winner in economics, says the Iraq war has cost $3 trillion so far. According to the Guardian, "three trillion could have fixed America's social security problem for half a century."

Some time in 2005, Stiglitz and Linda Bilmes, who also served as an economic adviser under Clinton, noted that the official Congressional Budget Office estimate for the cost of the war so far was of the order of $500bn. The figure was so low, they didn't believe it, and decided to investigate. The paper they wrote together, and published in January 2006, revised the figure sharply upwards, to between $1 and $2 trillion. Even that, Stiglitz says now, was deliberately conservative: "We didn't want to sound outlandish."

Link.

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