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War Cost $720 Million Each Day

The money spent on one day of the Iraq war could buy homes for almost 6,500 families or health care for 423,529 children, or could outfit 1.27 million homes with renewable electricity, according to the American Friends Service Committee, which displayed those statistics on large banners in cities nationwide Thursday and Friday.

The war is costing $720 million a day or $500,000 a minute, according to the group's analysis of the work of Nobel Prize-winning economist Joseph E. Stiglitz and Harvard public finance lecturer Linda J. Bilmes.

The estimates made by the group, which opposes the conflict, include not only the immediate costs of war but also ongoing factors such as long-term health care for veterans, interest on debt and replacement of military hardware.

"The wounded are coming home, and many of them have severe brain and spinal injuries, which will require round-the-clock


Added: Sep-22-2007 
By: alAnbari
Iraq, News
Tags: Iraq, war, money, cost, waste
Views: 9099 | Comments: 26 | Votes: 0 | Favorites: 3 | Shared: 1 | Updates: 0 | Times used in channels: 1
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