Nobel Prize recipient Joseph Stiglitz and Harvard budget guru Linda J. Bilmes are revising their original $3 trillion war cost estimate. As Bilmes reports, the Iraq and Afghanistan wars are at least 25 percent costlier than previous projections.
Linda J. Bilmes is a professor at the Harvard Kennedy School of Government. She is co-author with Joseph Stiglitz of the New York Times bestseller The Three Trillion Dollar War: The True Cost of the Iraq Conflict. Bilmes has written extensively on financial and budgetary issues in newspapers, magazines and academic journals including the New York Times, The Washington Post, and the Financial Times.