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kittinSol -> RE: 3 Trillion Dollar Shopping Spree! (4/15/2008 1:35:11 PM)
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Figures can be expanded or shrunk according to what someone wants to say. Everyone knows that that's what statistics are for. There is a school of thought, however, that argues the economic cost of the invasion and occupation of Iraq is in the region of three trillion bucks.
Former White House economist Lawrence Lindsey ignited a furor with his estimate of the dollar cost of the Iraq war. For the first time, he tells how he came up with the number and what he thinks now.
NEW YORK (Fortune) -- The Iraq war has already cost the lives of nearly 4,000 U.S. troops, but there is another cost that is not so readily quantifiable: the economic toll. Forecasts of the cost to the U.S. have reached into the trillions of dollars, fueling a controversy over the impact on the budget and the economy. Missing from the debate until now has been the man who famously sparked it: Lawrence Lindsey, then President Bush's chief economist, who gave an estimate in 2002 that sent the Bush administration into sticker shock. Less than three months later he was out of the White House.
Fortune
(Fortune mag is hardly a hotbed of pinko commie liberals, by the way.)
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