The Economic Costs of the Iraq War: An Appraisal Three Years after the Beginning of the Conflict

@article{Bilmes2006TheEC,
  title={The Economic Costs of the Iraq War: An Appraisal Three Years after the Beginning of the Conflict},
  author={Linda J. Bilmes and J. E. Stiglitz},
  journal={National Security \& Foreign Relations Law eJournal},
  year={2006}
}
This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and accounting/ budgetary frameworks. As of December 30, 2005, total spending for combat and support operations in Iraq is $251bn, and the CBO's estimates put the projected total direct costs at around $500bn. These figures, however, greatly underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO projection… Expand
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