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PLUS


Cost of the wars to date - $1 trillion



--The cost of the United States' wars in Afghanistan and Iraq have cost
taxpayers more than one trillion dollars, a Massachusetts nonprofit said
Sunday, marking a grim milestone on the eve of the Memorial Day holiday.

According to the group, the threshold was crossed Sunday at 10:06 am ET,
based on Congressional appropriations for the wars. To date, the group
notes, $747.3 billion has been appropriated for the U.S. war in Iraq and
$299 billion for the war in Afghanistan.

http://rawstory.com/rs/2010/0531/sad-milestone-cost-wars-passes-1-trilli\
on/

War cost including indirect and delayed costs - up to $3 trillion

According to a Congressional Budget Office
<http://en.wikipedia.org/wiki/Congressional_Budget_Office>  (CBO) report
published in October 2007, the U.S. wars in Iraq and Afghanistan could
cost taxpayers a total of $2.4 trillion dollars by 2017 when counting
the huge interest costs because combat is being financed with borrowed
money. The CBO estimated that of the $2.4 trillion long-term price tag
for the war, about $1.9 trillion of that would be spent on Iraq, or
$6,300 per U.S. citizen.[9]
<http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War#cite_note-k\
ip-8> [10]
<http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War#cite_note-9\
>

  Stiglitz, former chief economist of the World Bank
<http://en.wikipedia.org/wiki/World_Bank>  and winner of the Nobel Prize
in Economics <http://en.wikipedia.org/wiki/Nobel_Prize_in_Economics> ,
has stated the total costs of the Iraq War on the US economy will be
three trillion dollars in a moderate scenario, and possibly more in the
most recent published study, published in March 2008.[11]
<http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War#cite_note-t\
imesuk-10>


Stiglitz has stated: "The figure we arrive at is more than $3 trillion.
Our calculations are based on conservative assumptions...Needless to
say, this number represents the cost only to the United States. It does
not reflect the enormous cost to the rest of the world, or to Iraq."[11]
<http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War#cite_note-t\
imesuk-10>



http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War#Indirect_and\
_delayed_costs










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