The true cost of the Iraq war: $3 trillion ($3,000 billion) and more

by Joseph E. Stiglitz and Linda J. Bilmes

Writing in these pages in early 2008, we put the total cost to the United States of the Iraq war at $3 trillion. This price tag dwarfed previous estimates, including the Bush administration’s 2003 projections of a $50 billion to $60 billion war.