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Tuesday, November 13, 2007

"The Hidden Costs of the Iraq War"

New estimates for the cost of the Iraq and Afghanistan wars:

'Hidden Costs' Double Price Of Two Wars, Democrats Say, by Josh White, Washington Post: The economic costs ... of the wars in Iraq and Afghanistan so far total approximately $1.5 trillion, according to a new study by congressional Democrats that estimates the conflicts' "hidden costs"-- including higher oil prices, the expense of treating wounded veterans and interest payments on the money borrowed to pay for the wars. That amount is nearly double the $804 billion the White House has spent or requested ... through 2008... [The] report, titled "The Hidden Costs of the Iraq War," estimates that the wars ... have thus far cost the average U.S. family of four more than $20,000...

    Posted by on Tuesday, November 13, 2007 at 02:07 AM in Economics, Iraq and Afghanistan | Permalink  TrackBack (0)  Comments (81)

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