For those impervious to the suffering of others, a dollar figure sometimes helps bring it home. Two honest economists have recently put one on the Iraq war, and in so doing shown a spotlight on the black hole in the center of our future.
If $1 trillion makes you gag, try $2 trillion.
The latter number is the "moderate," as opposed to the conservative, price tag that Nobel Prize-winning economist Joseph Stiglitz and Harvard lecturer Linda Bilmes have put on the war, which they calculated by factoring in some - but by no means all - of its real costs, such as lifelong care for brain-injured U.S. troops.
The most outrageous deception in the selling of this war three years ago is not the claims that Saddam possessed weapons of mass destruction or had links to al-Qaida, but the blithe assertion that the war could be fought for chump change; it was supposed to be pay-as-you-go, financed by liberated oil revenue. White House economic advisor Larry Lindsey was sacked for saying the adventure could cost the country as much as $200 billion; of course, the total, even by conventional calculation, has gone well beyond that.