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03-18-2008, 10:35 PM #1
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Total cost of Iraq war hinges on oil question
Total cost of Iraq war hinges on oil question
Some estimates exceed $2 trillion, including impact on energy prices
During World War II, one economist notes, defense spending peaked at nearly 40 percent of gross domestic product. Applying the same accounting to the Iraq war finds the nation spending about 6.2 percent of GDP on defense overall, with Iraq accounting for perhaps half that.
By Michael Moran
MSNBC contributor
updated 4:17 p.m. ET, Tues., March. 18, 2008
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05-11-2024, 09:19 AM in illegal immigration News Stories & Reports