The $2-Trillion War
The $2-Trillion War
Harvard researchers now estimate that the Iraq war will cost approximately $ 2 trillion dollars; an astronomical figure. If we had to actually pay the extra taxes to cover this, I assure you there'd be howls of protest. Everyone would be anti-war at that point.
IMO this will be paid for by monetizing the debt; in other words the federal reserve will effectively print the money to pay for this. You and I will pay by dealing with the inflation that arises from that.
Harvard researchers now estimate that the Iraq war will cost approximately $ 2 trillion dollars; an astronomical figure. If we had to actually pay the extra taxes to cover this, I assure you there'd be howls of protest. Everyone would be anti-war at that point.
IMO this will be paid for by monetizing the debt; in other words the federal reserve will effectively print the money to pay for this. You and I will pay by dealing with the inflation that arises from that.
posted by Greg L at
10:54 PM
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