Tuesday, February 17, 2009
It's a war recession too
In most of the discussion regarding the financial crisis/recession, very little attention (at least in what I've seen) has been paid to the contribution the war in Iraq and the general overcommitment of the U.S. military have played in bringing on a recession. I think I make the case fairly responsibly in my most recent piece for Antiwar.com. Most of the financial crisis was made in Washington, a good deal of it was made on Wall Street, but some of it was made in Iraq -- at least $600 billion and counting, with final estimates ranging above $3 trillion!