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Mar 16, 2013

Iraq disaster could end up costing $6 trillion - #Economy #News

Roll Call Wonk Wire - Reuters looks at a new report by the Costs of War Project showing that "war in Iraq has cost $1.7 trillion with an additional $490 billion in benefits owed to war veterans, expenses that could grow to more than $6 trillion over the next four decades counting interest."

"The report concluded the United States gained little from the war while Iraq was traumatized by it. The war reinvigorated radical Islamist militants in the region, set back women's rights, and weakened an already precarious healthcare system, the report said. Meanwhile, the $212 billion reconstruction effort was largely a failure with most of that money spent on security or lost to waste and fraud."
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