The Real Cost of the Iraq War

Dur­ing the run up to the Iraq war, the Bush admin­is­tra­tion esti­mat­ed that the mil­i­tary mis­sion would run around $50 bil­lion, even though experts doubt­ed those num­bers at the time. (In 2002, Yale’s William Nord­haus guessed that the costs could reach $500 bil­lion with­in five years.) Now, here we are in 2008, and new tal­lies sug­gest that the real costs could rise to some­where between $1 tril­lion and $3 tril­lion. This award-win­ning piece — MP3 — iTunes — Feed — delin­eates the mount­ing costs and intro­duces you to some of think­ing in Joseph Stiglitz and Lin­da Bilmes’ new book: The Three Tril­lion Dol­lar War.

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