War Costs $20,000 (So Far) for Family of 4

November 13, 2007

The Congress’ Joint Economic Committee released a report today showing that the Iraq and Afghan wars have cost $1.6 trillion, or $20,000 for a family of four. So far. Which raises this question, among others: How can Bush get away without acknowledging the war is a massive tax increase on every person in America?

[Flashback: In January 2006, Nobel winning economist Josef Stiglitz estimated the wars would cost $2 trillion. Looks like he knew what he was talking about, but he better revise his estimate for a war that apparently has no end.]

[Update: Stiglitz has a piece in Vanity Fair which further expounds on the financial emergency/crime Bush has unleashed on the US economy.]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: