Your Tax Dollars at Work

The PBS NewsHour aired a nicely done report yesterday on the much publicized estimate by two noted economists that the Iraq war may ultimately cost the United States up to $2 trillion. The segment did a good job breaking down and explaining the estimate, published by Columbia’s Joseph Stiglitz and Harvard’s Linda Bilmes in 2005 and 2006. Where the report was lacking, perhaps, is discussing what the cost might mean down the road, though it did point out that the money we’ve spent already on Iraq, nearly $430 billion as of this moment, would have paid several times over for rebuilding every school in the United States or would have made a nice down payment on the “unsolvable” problems with the Social Security system.

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