The study by Nobel Prize winner for economics Joseph Stiglitz and Harvard University Professor Linda Bilmes details how the cost of the two wars, widely publicized as the ‘war against terror,’ could end up costing the American tax payers a whopping $6 trillion.
“This may be more of a crisis than the Medicare and Social Security problems we have looming. It rivals both in the potential impact. This is another entitlement we’ve committed ourselves to, and it could break the bank,” said Rep. Bob Filner, Chairman of the Veterans Affairs Committee in the US Congress.
