Posted on April 17, 2013 in
Articles
The Article: Paying the Costs of Iraq, for Decades to Come by James Fallows in The Atlantic.
The Text: A little over 10 years ago, George W. Bush fired his economic adviser, Lawrence Lindsey, for saying that the total cost of invading Iraq might come to as much as $200 billion. Bush instead stood by such advisers as Paul Wolfowitz, who said that the invasion would be largely “self-financing” via Iraq’s oil, and Andrew Natsios, who told an incredulous Ted Koppel that the war’s total cost to the American taxpayer would be no more than $1.7 billion.
As it turns out, Lawrence Lindsey’s estimate was indeed off — by a factor of 10 or more, on the low side. A new research paper by Linda Bilmes, of the Kennedy School at Harvard, begins this way:
The Iraq and Afghanistan conflicts, taken together, will be the most expensive wars in US history — totaling somewhere between $4 to $6 trillion.
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