Shrinking the national debt one soldier at a time

Monday, February 23, 2009

President Obama is making a priority of slashing the national debt in the coming years and he says some of the greatest savings come from pulling troops out of Iraq. But just how much money can be saved by a troop withdrawal? To answer that question, we turn to Linda Bilmes, Harvard professor of public finance and co-author with Joseph Stiglitz of the book The 3 Trillion Dollar War: The True Cost of the Iraq Conflict and a new book The People Factor: Strengthening America by Investing in Public Service.

"Instead of just looking at the fire department and what it costs, you look at what it costs to fight a fire which actually transcends a number of departments."
— Harvard professor Linda Bilmes on the nature of government spending


Linda Bilmes

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