RealNews

The rising economic cost of the Iraq war

Fighting in Iraq has been prolonged and remains intense enough that it has pushed the total cost of US military operations since Sept. 11, 2001, close to that of the Korean War. Despite the yawning federal deficit, Congress hasn’t blinked at this price. And while annual defense spending is now as high as it ever was during the Reagan buildup, the US economy as a whole is much larger, making it easier, in economic terms, for the nation to shoulder the bill.Full Story

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