Shahzad Bhatti

January 8, 2006

Iraq war could cost US over $2 trillion, says Nobel prize-winning economist

Filed under: Politics — admin @ 7:55 am

Iraq war could cost US over $2 trillion, says Nobel prize-winning economist
The real cost to the US of the Iraq war is likely to be between $1 trillion and $2 trillion (1.1 trillion), up to 10 times more than previously thought, according to a report written by a Nobel prize-winning economist and a Harvard budget expert.

The study, which expanded on traditional estimates by including such costs as lifetime disability and healthcare for troops injured in the conflict as well as the impact on the American economy, concluded that the US government is continuing to underestimate the cost of the war.

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