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The $3 Trillion War in Iraq With March 20 marking the fifth anniversary of the United States-led invasion of Iraq, it's time to take stock of what has happened. In our new book The Three Trillion Dollar War, Harvard's Linda Bilmes and I conservatively estimate the economic cost of the war to the U.S. to be $3 trillion, and the costs to the rest of the world to be another $3 trillion - far higher than the Bush administration's estimates before the war. 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.

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The $3 Trillion War in Iraq

With March 20 marking the fifth anniversary of the United States-led invasion of Iraq, it's time to take stock of what has happened.

In our new book The Three Trillion Dollar War, Harvard's Linda Bilmes and I conservatively estimate the economic cost of the war to the U.S. to be $3 trillion, and the costs to the rest of the world to be another $3 trillion - far higher than the Bush administration's estimates before the war.

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.