Good thing we got those tax breaks, huh?? Whew!
By JEANNINE AVERSA, AP
The economic costs of the wars in Iraq and Afghanistan are estimated to total $1.6 trillion _ roughly double the amount the White House has requested thus far, according to a new report by Democrats on Congress’ Joint Economic Committee.
The report, released Tuesday, attempted to put a price tag on the two conflicts, including “hidden” costs such as interest payments on the money borrowed to pay for the wars, lost investment, the expense of long-term health care for injured veterans and the cost of oil market disruptions.
The $1.6 trillion figure, for the period from 2002 to 2008, translates into a cost of $20,900 for a family of four, the report said. The Bush administration has requested $804 billion for the Iraq and Afghanistan wars combined, the report stated.”
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