[lbo-talk] Nobel laureate estimates wars' cost at more than $3 trillion

[S K]

http://www.mcclatchydc.com/homepage/story/28891.html
By Kevin G. Hall | McClatchy Newspapers
WASHINGTON — When U.S. troops invaded Iraq in March 2003, the Bush
administration predicted that the war would be self-financing and that
rebuilding the nation would cost less than $2 billion.

Coming up on the fifth anniversary of the invasion, a Nobel laureate now
estimates that the wars in Iraq and Afghanistan are costing America more
than $3 trillion.

That estimate from Noble Prize-winning economist Joseph Stiglitz also serves
as the title of his new book, "The Three Trillion Dollar War," which hits
store shelves Friday.

CONINUES: http://www.mcclatchydc.com/homepage/story/28891.html