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THE OPPORTUNITY COSTS OF WAR

Topic: Your Money at Work, Once in a Lifetime, Dept. of Defense
14. April 2008
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The U.S. is spending anywhere from $120 to $150 billion a month on the Iraq War, reports the New York Times’ John Broder. The fiscal waste of war has been debated at length already, but what would that money actually get spent on if the war ended? Broder mentions a universal health care system and public works programs that would move the money out of the Pentagon and into perhaps the Department of Health and Human Services.

Also, the amount of money spent by the Pentagon on the war is deceptive—it’s not included in final budget figures because it’s “emergency funding” that supplements the Pentagon budget.  Read Broder here.  MB

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