$3 TRILLION isn't just how much the Iraq War will cost our government, it's how much it will cost our sputtering economy. When the Bush administration launched this war, they claimed Americans would not have to make sacrifices. They even cut taxes with the help of a Republican-led Congress, rather than raising them as had been done historically in times of war. According to Nobel laureate economist Joseph Stiglitz and Harvard professor Linda Bilmes in their book The Three Trillion Dollar War, we're fighting an unnecessary war on borrowed money. The war has caused our skyrocketing national debt. And more than anything else, the war has caused our recession.Here's how $3 trillion breaks down:
- $526 billion — borrowed money poured into Iraq so far
- $615 billion — total interest costs for taxpayers
- $280 billion — to rebuild our military
- $590 billion — disability benefits and health care for Iraq veterans
- $1.5 trillion — estimated costs through 2017
So do the "patriotic" thing. Start shopping right now:
http://www.3trillion.org/
-Matt
Matt Holland
TrueMajority.org Online Director
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