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So the Iraq war (invasion) has cost about 360 billion dollars. We could have

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karlrschneider Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-06-07 10:04 PM
Original message
So the Iraq war (invasion) has cost about 360 billion dollars. We could have
Edited on Sat Jan-06-07 10:16 PM by karlrschneider
bought every single Iraqi family a house and a car -(it's about $15,000 for every PERSON there so far.)

This occured to me watching an old movie "Flashback" this evening when "Huey Walker" makes a similar observation WRT the Viet Nam "war."

I just thought it was a interesting bit of arithmetic.

Edit: was going by this
http://nationalpriorities.org/index.php?option=com_wrapper&Itemid=182
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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-06-07 10:08 PM
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1. And we could have rebuilt the Gulf Coast into a shining example
of America's strength and compassion.....sigh
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krispos42 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-06-07 10:13 PM
Response to Original message
2. Ultimate cost: $2,267,000,000,000
Yup, two and a quarter trillion bucks.

The $2 Trillion Dollar War


A leading economist says the true cost of Iraq is far higher than President Bush claims -- and America will pay the price for decades to come.



CHARLES M. YOUNG

When America invaded Iraq in 2003, the Bush administration predicted that the war would turn a profit, paying for itself with increased oil revenues. So far, though, Congress has spent more than $350 billion on the conflict, including the $50 billion appropriated for 2007.

But according to one of the world's leading economists, that is just a fraction of what Iraq will actually wind up costing American taxpayers. Joseph Stiglitz, winner of the Nobel Prize for economics, estimates the true cost of the war at$2.267 trillion. That includes the government's past and future spending for the war itself ($725 billion), health care and disability benefits for veterans ($127 billion), and hidden increases in defense spending ($160 billion). It also includes losses the economy will suffer from injured vets ($355 billion) and higher oil prices ($450 billion).

more


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karlrschneider Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-06-07 10:17 PM
Response to Reply #2
3. I don't doubt that at all...I was just going by the figures I found at
http://nationalpriorities.org/index.php?option=com_wrapper&Itemid=182

which surely doesn't cover a lot of 'indirect' expense.
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krispos42 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-07-07 03:03 AM
Response to Reply #3
4. I just thought it was an interesting article
And I'm trying to promote it a little :-)
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