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Thursday, November 26, 2009

The 7 trillion dollar wars

A total of one trillion dollars has been spent already in Iraq and in Afghanistan but legacy costs to include paying off the money that was borrowed and medical care for the many thousands of wounded soldiers and marines will drive the total cost of the war past the $5 trillion dollar mark even if the two wars were to end tomorrow. Harvard economist Joseph Stiglitz is now suggesting that a final figure approaching $7 trillion is not inconceivable inclusive of Obama’s early 2009 surge in Afghanistan coupled with the escalating costs of supplying US forces. If Obama adds thousands more soldiers at the request of Generals Petraeus and McChrystal, the final tab will go higher.
-- from "The Cost of War" by Philip Giraldi (November 26, 2009).

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