the iraq war. what was the ultimate cost?

Discussion in 'Politics & Religion' started by Free Thinker, Dec 16, 2011.

  1. now that the war is over it might be useful to ask if it was worth it. iraq today is no more stable and no more a friend of the us that it was before we invaded.
    so how much did george bush cost our nation? can anybody claim that it was worth it?

    Iraq war ends with a $4 trillion IOU
    Veterans’ health care costs to rise sharply over the next 40 years
    WASHINGTON (MarketWatch) — The nine-year-old Iraq war came to an official end on Thursday, but paying for it will continue for decades until U.S. taxpayers have shelled out an estimated $4 trillion.

    Over a 50-year period, that comes to $80 billion annually.

    Although that only represents about 1% of nation’s gross domestic product, it’s more than half of the national budget deficit. It’s also roughly equal to what the U.S. spends on the Department of Justice, Homeland Security and the Environmental Protection Agency combined each year.

    Near the start of the war, the U.S. Defense Department estimated it would cost $50 billion to $80 billion. White House economic adviser Lawrence Lindsey was dismissed in 2002 after suggesting the price of invading and occupying Iraq could reach $200 billion.

    “The direct costs for the war were about $800 billion, but the indirect costs, the costs you can’t easily see, that payoff will outlast you and me,” said Lawrence Korb, a senior fellow at American Progress, a Washington, D.C. think tank, and a former assistant secretary of defense under Ronald Reagan.

    Those costs include interest payments on the billions borrowed to fund the war; the cost of maintaining military bases in Kuwait, Qatar and Bahrain to defend Iraq or reoccupy the country if the Baghdad government unravels; and the expense of using private security contractors to protect U.S. property in the country and to train Iraqi forces.

    Caring for veterans, more than 2 million of them, could alone reach $1 trillion, according to Paul Rieckhoff, executive director of the Iraq and Afghanistan Veterans of America, in Congressional testimony in July.

    Other experts said that was too conservative and anticipate twice that amount. The advance in medical technology has helped more soldiers survive battlefield injuries, but followup care can often last a lifetime and be costly.

    More than 32,000 soldiers were wounded in Iraq, according to the U.S. Department of Defense. Add in Afghanistan and that number jumps to 47,000.

    Altogether, the wars in Iraq and Afghanistan could cost the U.S. between $4 trillion and $6 trillion, more than half of which would be due to the fighting in Iraq, said Neta Crawford, a political science professor at Brown University.

    Her numbers, which are backed by similar studies at Columbia and Harvard universities, estimate the U.S. has already spent $2 trillion on the wars after including debt interest and the higher cost of veterans’ disabilities.
    http://www.marketwatch.com/story/iraq-war-ends-with-a-4-trillion-iou-2011-12-15
     
  2. It wasn't all Bush's doing because 111 democraps voted in favor of the Iraq War Resolution (82 in the House and 29 in the Senate). And some democraps started beating the drum more than 4 years before that as I've pointed out MANY times before with this:
    http://youtu.be/Cwqh4wQPoQk

    With that said, I think the biggest costs have been to our credibility and our military.

    P.S. Despite having been falsely accused of being a "neocon" among other things, you'll find any statement from me saying I think invading Iraq was a good idea strangely absent from my 6566 posts.
     
  3. And all the republicans on the debate stage last night (with the exception of Paul) are ready to do all over again in Iran :(
     
  4. Richard Perle the zionist also claimed that he was against the Iraqi war...Isn't that funny?!