True Cost

Something from the Daily Reckoning…

“The true cost of the war in Iraq: Since March 2003, the monthly cost of the war in Iraq has risen from $4.4 billion to $7.1 billion. That means the war will cost $266 billion more than originally projected - and ultimately hit $1.2 trillion. But what else can we do? As a declining empire, it seems that the only thing America has left to offer in a globalized economy is the soft warmth of her protection.”

And I was listening to an interview the other day; Terry Gross was talking to Economist Douglas Holtz-Eakin, the former director of the Congressional Budget Office. During that interview, he acknowledged that he found it quite difficult to think about a Trillion dollars and what it meant. The numbers are just too big! He said that he would use percentages of a single dollar instead. An American tax payers dollar.