Monday, March 10, 2008

Three Trillion Dollar War

Joseph Stiglitz, the winner of Nobel Prize in economics, 2001, and Linda Bilmes, lecturer in public policy at the John F. Kennedy School of Government, counted 3 trillion dollar as cost of US war on Afganistan and Iraq.

They wrote :
"From the unhealthy brew of emergency funding, multiple sets of books, and chronic underestimates of the resources required to prosecute the war, we have attempted to identify how much we have been spending - and how much we will, in the end, likely have to spend. The figure we arrive at is more than $3 trillion. Our calculations are based on conservative assumptions. They are conceptually simple, even if occasionally technically complicated. A $3 trillion figure for the total cost strikes us as judicious, and probably errs on the low side.".
I think that the root of terrorism that the wars have been fought for will be extremely eliminated, if this huge amount of money spent worldwide in building education infra-structures, combating hunger, helping poor people, reconstructing disaster areas, spreading borderless human friendship etc.

No comments: