The cost of the invasion was not only for the purposes of the attack, but also compensation for injured military personnel and the cost of keeping US troops in Iraq for years. So, when it was said that the initial cost of the invasion was only around 100 billion US dollars, Stiglitz calculated the cost of the invasion could reach trillions of US dollars over the years of Iraq’s occupation.
Also read: United States Government Debt Is 26 Trillion US Dollars
This warning was ignored, just as the authenticity of the invasion was also disregarded. Evidence of the existence of weapons of mass destruction touted by the US government as the reason for the invasion of Iraq was also never found.
This is just one example. Discipline in matters of state finances has not been a characteristic of the US economy in the last 40 years. The Financial Times, November 2 2023, wrote that budget discipline is not a priority for Republicans, especially in…
