GOOD: The Hidden Cost of War

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In 2003 Donald Rumsfeld estimated a war with Iraq would cost $60 billion. Five years later, the cost of Iraq war operations is over 10 times that figure. So what's behind the ballooning dollar signs? Joseph E. Stiglitz and Linda J. Bilme's exhaustedly researched book, "The Three Trillion Dollar War: The True Cost of the Iraq Conflict," breaks down the price tag, from current debts to the unseen costs we'll pay for years to come.

Channel: News & Politics
Uploaded: September 22, 2008 at 4:18 pm
Author: GOODMagazine

Length: 00:02:40
Rating: 4.91
Views: 45343

Tags: afghanistan bush cheney debt dollar government iraq rumsfeld spending trillion war

Video Comments:
feeknocks (January 4, 2009 at 1:43 pm)
more than three trillion dollars, the government will leave a huge scar on america for decades to come. just imagine if government had stayed limited, how powerful our economy and advanced our society would have been. sigh. that is the real damage.
discoveramericanow (January 3, 2009 at 8:02 am)
it is a lot of money, but I notes soemthings, i.e. does not the money from making all the war supplies and replacement costs pump money back into the economy?
blakmira (January 4, 2009 at 1:33 pm)
War is a racket. The People are the ones who are forced to pay for it through taxes. The corporations who supply weapons, etc. are contracted by the Department of Defense and can go years with tax-exempt status while becoming rich. No, it does not "pump money back in the economy."
discoveramericanow (January 4, 2009 at 8:31 pm)
Yes war can be a racket, but who makes war materials? planes, tanks, etc. if made in US, workers are paid, spend and pay taxes. During our economic crisis, expect more people to volunteer for military. They too will spend money, no?
Please provide backup for what military companies are tax exemp ans who are not.
TeamTraz1 (December 30, 2008 at 1:21 pm)
B=======D this vid gave me a boner....post this on more vids if u got a boner from them,
manypersons (December 16, 2008 at 8:03 pm)
the president elect bush is still the president
manypersons (December 16, 2008 at 8:02 pm)
what mess ? war is the best thing in the world
ShounnenBatto (December 18, 2008 at 4:31 pm)
Do you work for Backwater or Raytheon?, that would explain the cynicism.
lozman67 (December 7, 2008 at 1:37 pm)
Great video - very smart.
madboyslim (December 4, 2008 at 11:05 pm)
ya by gettin retards awake