Written testimony of Joseph E. Stiglitz for the Joint Economic Committee, February 28, 2008

Thank you for this opportunity to discuss with you the economic costs of the Iraq War. March 19 marks the fifth anniversary of what was supposed to be a short venture to save the world from the threat of weapons of mass destruction—which simply weren’t there. It is now the second longest war in America’s history, and, after the all-encompassing World War II, the second most costly, even after adjusting for inflation. In terms of costs per troop, it is by far the costliest—some eight times as expensive as World War II.

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