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Tuesday, November 13, 2007

Dems. reveal "The Hidden Costs of the Iraq War" is $1.5 trillion

Yesterday, John posted a link to a Boston Globe study on what the known cost of the Iraq war -- $611 billion would buy.

Turns out that number is actually way below the true costs of the war. A study by Congressional Democrats factored in the indirect costs of the Iraq and Afghanistan wars. Not that George Bush or the Republicans who've enabled his war care, but the true cost is $1.5 trillion:

The economic costs to the United States of the wars in Iraq and Afghanistan so far total approximately $1.5 trillion, according to a new study by congressional Democrats that estimates the conflicts' "hidden costs"-- including higher oil prices, the expense of treating wounded veterans and interest payments on the money borrowed to pay for the wars.

That amount is nearly double the $804 billion the White House has spent or requested to wage these wars through 2008, according to the Democratic staff of Congress's Joint Economic Committee. Its report, titled "The Hidden Costs of the Iraq War," estimates that the wars in Iraq and Afghanistan have thus far cost the average U.S. family of four more than $20,000.

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