Tuesday, November 13, 2007

War Costs Each Family $20,900, Dems Research Shows

MSNBC has obtained a Democratic report due to be released today concerning the very personal affect of the war on Americans' pocketbooks. And the cost is staggering. Read the story here.

Here's the intro to the story:

WASHINGTON - The economic costs of the wars in Iraq and Afghanistan are estimated to total $1.6 trillion — roughly double the amount the White House has requested thus far, according to a new report by Democrats on Congress' Joint Economic Committee.

The report, obtained by The Associated Press and scheduled to be released Tuesday, attempted to put a price tag on the two conflicts, including "hidden" costs such as interest payments on the money borrowed to pay for the wars, lost investment, the expense of long-term health care for injured veterans and the cost of oil market disruptions.

Read the rest at MSNBC.