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

    01/07/2006 6:48:17 PM PST · by shuntos · 252 replies · 3,171+ views
    Guardian ^ | 01/17/2006 | Jamie Wilson
    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. The report came during one of the most deadly periods...