Monday, January 09, 2006

Cost of war in Iraq

Columbia University economist Joseph E. Stiglitz and
Harvard lecturer Linda Bilmes have published a study that says that the long-term cost of war in Iraq would be close to $2 trillion if disability payments for the 16,000 wounded U.S. soldiers, about
20 percent of whom suffer serious brain or spinal injuries is taken in to account.

That's close to 20% of the current U.S. GDP or more than $100 billion if the cost is amortized over 30 years.


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