Nobel Prize-Winning Economist Joseph Stiglitz on the Cost of the Iraq War, Bush's Skewed Priorities

A juicy quote in an interview with Joseph Stiglitz:

MJ: You predicted that the total cost of the Iraq war
would top a trillion dollars. Can you put a number
like that into perspective?

JS: That was last year. I think it is clear from what
has happened since then that a trillion dollars was a
vast underestimate. We are talking at least between
one and two trillion dollars now. To put that into
perspective, President Bush went to the American
people at the beginning of his second term, saying
that we have a major crisis with our Social Security
system. For somewhere between a half and quarter of
the cost of the war in Iraq you could have fixed all
the problems associated with Social Security for the
next 75 years and still have had a lot left over. Put
in another way: We are now spending something like $10
billion a month—$120 billion dollars a year—on Iraq.
The amount the entire world gives in foreign aid, on
an annual basis, is about half that.