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The Trillion-Dollar War

From the beginning, the Bush administration has refused to give an accurate and responsible reckoning of the costs of the Iraq war. From underestimating budgets to requesting funding through special supplemental appropriations, to cutting taxes for the wealthy that resulted in financing the war through international borrowing, financial management of the war has been a case study in fiscal irresponsibility. With the cost of the war now close to a trillion dollars, the Nobel Prize-winner This article appears in March 31 2008.