3,000,000,000,000 is a lot of $

It’s about ten thousand dollars for each of us. That’s what the Iraq War has cost, is costing, will cost.

Want more details, explanation, rationale? (Rationale for the number, that is. Rationale for the war is unavailable at this time.)

Here’s the place to check.

McClatchy

When the United States invaded Iraq in March 2003, Americans were told Iraqi oil would cover the costs of the war and rebuilding. Defense Secretary Donald Rumsfeld scoffed at estimates of $100 billion.

Nobel Prize-winning economist Joseph Stiglitz of Columbia University and Harvard University professor Linda Bilmes raised a stir in 2006 by estimating the real cost of the war to be $1 trillion. That estimate has been tripled and the title of their new book is The Three Trillion Dollar War.

For the next two weeks, Stiglitz and Bilmes will be on-line, answering questions about their numbers and their book. Visit the McClatchy website and post a question. Then come back and tell us the answer.

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