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Tuesday, May 18, 2010

Bill for Afghan War Could Run Into the Trillions http://www.commondreams.org/headline/2010/05/18-0

Nobel Prize-winning economist Joseph Stiglitz and Harvard professor Linda Bilmes estimated that the long-term costs - taking into account the costs of taking care of wounded soldiers and rebuilding the military - of the war in Iraq will ultimately cost three trillion dollars.Intriligator suggested that a similar calculation for the costs of the war in Afghanistan would indicate a long-term cost of 1.5 to 2.0 trillion dollars."Why are we putting money into Afghanistan to fight a losing war and following the Soviet example rather than putting money into [our] local communities?" he asked.

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