international magazine
03 / 2008

Cost of war?

According to calculations done by Harvard's Linda Bilmes and Nobel economist Joseph Stiglitz (USA) to the recent commemoration of the fifth anniversary of the Iraq invasion $3 trillion dollar estimate is the total cost of the war. Though it already sounds dramatic yet no one is capable to realize its actual value. The initial $50 to $60 billion estimate given by the Bush's administration before the war was wildly off the mark. The fact is that the stated amount goes now for every three months of military operations. The war in Iraq is the most expensive US warfare ever since the World War II.