Monday, Jan. 19, 2009


Doing a cost-benefit analysis on a war is awfully hard. There are just too many what-ifs. But the cost of invading and occupying Iraq has been staggeringly high — whether you believe the $3 trillion figure of economists Linda Bilmes and Joseph Stiglitz or side with the Congressional Budget Office estimate of a mere trillion or two. It's the biggest part of the explanation for the yawning Bush-era budget deficits. So even if you think the war did bring benefits to the U.S., they would have to be pretty gigantic to justify the cost.

See pictures of Bush's friendship with Tony Blair.