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LuckyTheDog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-12-08 02:39 PM
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Iraq costs: e-mail this to everyone you know
Everyone in your e-mail address books needs to see this. It's pretty shocking:

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The former World Bank vice-president yesterday said the war had, so far, cost the US something like US3trillion ($3.3 trillion) compared with the $US50-$US60-billion predicted in 2003.

(snip)

Professor Stiglitz told the Chatham House think tank in London that the Bush White House was currently estimating the cost of the war at about $US500 billion, but that figure massively understated things such as the medical and welfare costs of US military servicemen.

The war was now the second-most expensive in US history after World War II and the second-longest after Vietnam, he said.

The spending on Iraq was a hidden cause of the current credit crunch because the US central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit.

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