The Three Trillion Dollar War by Linda J Bilmes

The Three Trillion Dollar War by Linda J Bilmes

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Summary

The true cost of the Iraq War is $3 trillion—and counting—rather than the $50 billion projected by the White House.

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The Three Trillion Dollar War by Linda J Bilmes

Apart from its tragic human toll, the Iraq War will be staggeringly expensive in financial terms. This sobering study by Nobel Prize winner Joseph E. Stiglitz and Harvard professor Linda J. Bilmes casts a spotlight on expense items that have been hidden from the U.S. taxpayer, including not only big-ticket items like replacing military equipment (being used up at six times the peacetime rate) but also the cost of caring for thousands of wounded veterans--for the rest of their lives. Shifting to a global focus, the authors investigate the cost in lives and economic damage within Iraq and the region. Finally, with the chilling precision of an actuary, the authors measure what the U.S. taxpayer's money would have produced if instead it had been invested in the further growth of the U.S. economy. Written in language as simple as the details are disturbing, this book will forever change the way we think about the war.
Linda J. Bilmes, of Harvard University's Kennedy School of Government, is an expert in government finance. She is a former assistant secretary and chief financial officer of the U.S. Department of Commerce. Joseph E. Stiglitz is a Nobel Prize–winning economist and the best-selling author of People, Power, and Profits; Globalization and Its Discontents Revisited; The Price of Inequality; and Freefall. He was chairman of the Council of Economic Advisers under President Clinton, chief economist of the World Bank, and now teaches at Columbia University and is chief economist of the Roosevelt Institute.
SKU Unavailable
ISBN 13 9780393067019
ISBN 10 0393067017
Title The Three Trillion Dollar War
Author Linda J Bilmes
Condition Unavailable
Binding Type Hardback
Publisher WW Norton & Co
Year published 2008-02-22
Number of pages 336
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.