May 2, 2007

Price tag for war in Iraq on track to top $500 billion

The bitter fight over the latest Iraq spending bill has all but obscured a sobering fact: The war will soon cost more than $500 billion.

I know these big numbers can be difficult to comprehend but the reality is that at $3600 an hour (most people don't make $3600 a month) it takes about 16,000 years to acquire $500 billion. That's a shitload of money that could be better spent elsewhere for humanity.

Keep in mind that:

Before the war, administration officials confidently predicted that the conflict would cost about $50 billion. White House economic adviser Lawrence Lindsey lost his job after he offered a $200 billion estimate - a prediction that drew scorn from his administration colleagues.

Here's the rest.

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