Hi there,

Today is your last chance to donate during Public Media Giving Days, a time to celebrate what public and independent media gives to you by giving back. If you think Democracy Now!’s reporting is a critical line of defense against war, climate catastrophe and authoritarianism, please make your donation of $10 or more right now. In honor of Public Media Giving Days, a generous donor will TRIPLE your donation, which means it’ll go 3x as far to support our independent journalism. Democracy Now! is funded by you, and that’s why we’re counting on your donation to keep us going strong. Please give today. Every dollar makes a difference—in fact, gets tripled! Thank you so much.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Study: Iraq War Cost Could Reach $2 Trillion

HeadlineJan 10, 2006

In other Iraq news, a new study from two top economists says the cost of the war could reach $2 trillion dollars. The study, conducted by former World Bank chief economist Joseph Stiglitz and Harvard lecturer Linda Bilmes, factors in a number of economic costs the authors say are a direct consequence of the war. These costs include about 20 percent of the $25 dollar a barrel gain in oil prices since the war began, at a cost to the United States of about $25 billion dollars.

The study also factors in the health care costs of over 16,000 wounded US soldiers, about 20 percent of whom suffer serious brain or spinal injuries. The authors also assume US soldiers will remain in Iraq until 2010 with significant declines each year. Writing of the dollar figures they estimated, Stiglitz and Bilmes write: “Even taking a conservative approach, we have been surprised at how large they are. We can state, with some degree of confidence, that they exceed a trillion dollars.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top