The wars in Iraq and Afghanistan may cost America $3 trillion, a far cry from the $50 billion estimated when combat began. How did the expenses get so high? How long will it take to pay them off? Will the benefits be worth the money? Also, Florida and Michigan lobby to seat Democratic delegates. On Reporter’s Notebook, will Venezuela, Colombia and Ecuador settle their differences without going to war?
Banner image: President Bush embraces Daniel Murphy, father of Navy SEAL Lt. Michael Murphy, prior to the Medal of Honor ceremony at the White House on October 22, 2007. The lieutenant was killed during a reconnaisance mission in Afghanistan, while exposing himself to enemy fire in order to call in support after his four-man team came under attack by enemy forces on June 28, 2005.
Joseph E. Stiglitz and Linda J. Bilmes