Tuesday, October 25, 2011

Iraq War Will Cost More Than The Second World War

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Iraq War Will Cost More Than World War II -- Christian Science Monitor

Iraq war, now winding down with US troop exit by December, has cost more than $800 billion so far. But ongoing medical treatment, replacement vehicles, etc., will push costs to $4 trillion or more.

Anyone curious about the cost of America’s wars in Iraq and Afghanistan can look it up on costofwar.com, up to the latest fraction of a second. Last weekend, the Iraq war had cost more than $800 billion since 2001; the Afghan war, $467 billion plus.

For the 8-1/2-year conflict in Iraq alone, that works out to nearly $3,000 a second.

So President Obama’s announcement that all US troops will be out of Iraq by year end should mean some drop in ongoing military spending. But the budget relief probably won’t be as much as you might expect.

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My Comment: I am very skeptical of comparing these costs to the Second World War. If Europe and Asia was to experience the same destruction today that it did in the Second World War .... the costs would run in the tens if not hundreds of trillions of dollars. But still .... there is no question about it .... the Afghan/Iraq wars have been very expensive, and their true costs will not be known for years.

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