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AMY GOODMAN: Let me ask you how war fits into this. I mean, you co-wrote the book with Linda Bilmes, The Three Trillion Dollar War. How does war fit into our problems with the economy?
JOSEPH STIGLITZ: Well, war fits in because you’re creating a liability, you’re spending money. And when we went to war in Iraq and Afghanistan, we already had a deficit. And so, these wars were the first wars in America’s history financed totally on the credit card. So, you’re creating a liability, but you’re not creating an asset. So that’s the kind of spending that does weaken the economy, because it’s one-sided. … The numbers now are much more like four to six trillion.
AMY GOODMAN: And yet, across this country, as the debates for various congressional and Senate seats[go], war is almost never raised [as an issue]. –Nobel Laureate Joseph Stiglitz: Foreclosure Moratorium, Government Stimulus Needed to Revive US Economy
PRECEDENT? According to a "Fairness and Accuracy In Reporting" two week study, during the lead-up to the Iraq war, a period of particularly intense debate (Jan. 30 to Feb 12, 2003), U.S. mainstream media, ABC, NBC, CBS, PBS Evening News, conducted 393 interviews about the pending war. Only three of those interviews were with peace leaders.