From shock & awe to sticker shock

March 14, Reuters

The Iraq war was supposed to cost less than $50 billion; now it costs closer to $500 billion.

In early 2003, it seemed a remote possibility that the U.S.-led invasion could create economic problems at home. But now, economists say every month of combat adds more than $10 billion to a U.S. debt that now tops $9 trillion.

SPEAKER: John Irons of the Economic Policy Institute

Deborah Lutterbeck reports.