Approaching the five-year mark

Nobel Prize winning economist Joseph Stiglitz estimates that the Iraq War will cost the U.S. $3 trillion.

Stiglitz writes:

The Bush team not only misled the world about the war’s possible costs, but has also sought to obscure the costs as the war has gone on.

This is not surprising. After all, the Bush administration lied about everything else, from Saddam Hussein’s weapons of mass destruction to his supposed link with Al Qaeda. Indeed, only after the U.S.-led invasion did Iraq become a breeding ground for terrorists.

The Bush administration said the war would cost $50 billion. The U.S. now spends that amount in Iraq every three months.

My favorite politcical cartoonist, Tom Tomorrow, takes a look at just what $3 trillion would have paid for in his latest cartoon, "Remember when they told us the war would pay for itself?"