Final Bill For US War In Iraq Will Be $4 Trillion

Iraq_header_2Just so you know, that’s $4,000,000,000,000. Christopher Hinton explains for 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…

[continues at Marketwatch]

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  • JECox

    Math is way off – sounds like you’re saying $80 billion is half our annual budget deficit.  If only!  Our annual deficit hasn’t been $160 billion in some time.  Thanks for reporting on the true total cost of about $4 trillion.  The morning show automatons dutifully reported the official government figure of $800 billion.

  • JECox

    Math is way off – sounds like you’re saying $80 billion is half our annual budget deficit.  If only!  Our annual deficit hasn’t been $160 billion in some time.  Thanks for reporting on the true total cost of about $4 trillion.  The morning show automatons dutifully reported the official government figure of $800 billion.

  • Adaugeo

    I’m curious how they can put a final price tag on it with the monsterous embassy that was built there as a result remains and we’ll have special forces there for the foreseeable future. We now occupy a once sovereign nation because we destroyed it during our “save the people from an evil dictator” mission, or was it Al Qaeda or WMD’s or Operation Iraqi Liberation? Remember that one? They literally spelled it out for people once. Allah bless America.

  • Adaugeo

    I’m curious how they can put a final price tag on it with the monsterous embassy that was built there as a result remains and we’ll have special forces there for the foreseeable future. We now occupy a once sovereign nation because we destroyed it during our “save the people from an evil dictator” mission, or was it Al Qaeda or WMD’s or Operation Iraqi Liberation? Remember that one? They literally spelled it out for people once. Allah bless America.

  • DeepCough

    Invading and occupying a sovereign nation on the pretext of Petroleum, Terrorism, and Liberation:

    $4 Trillion dollars.

    Mission Accomplished: Priceless.

  • DeepCough

    Invading and occupying a sovereign nation on the pretext of Petroleum, Terrorism, and Liberation:

    $4 Trillion dollars.

    Mission Accomplished: Priceless.

  • http://buzzcoastin.posterous.com BuzzCoastin

    > Final Bill For US War In Iraq Will Be $4 Trillion

    do they take credit cards
    or can der homlenad government just print more money?

  • BuzzCoastin

    > Final Bill For US War In Iraq Will Be $4 Trillion

    do they take credit cards
    or can der homlenad government just print more money?

  • 6Blackie6

    Money well spent!!!  Regardless of the cost… You cannot put a price on the slaughter of hundreds of thousands of innocent civilians and the destruction of a nation for no good reason!  Except if you’re an American.  If you liked Iraq… You’ll love Iran!   Bunker down you greedy fuckers!

  • 6Blackie6

    Money well spent!!!  Regardless of the cost… You cannot put a price on the slaughter of hundreds of thousands of innocent civilians and the destruction of a nation for no good reason!  Except if you’re an American.  If you liked Iraq… You’ll love Iran!   Bunker down you greedy fuckers!

  • Simiantongue

    How much is a trillion dollars? Hoooooeeeeee! Here it is!!

    http://www.youtube.com/watch?v=jfBmAyCob3U

    • Simiantongue

      I do not endorse the gold advert, just the trillion in perspective BTW.

  • Simiantongue

    How much is a trillion dollars? Hoooooeeeeee! Here it is!!

    http://www.youtube.com/watch?v=jfBmAyCob3U

  • Simiantongue

    I do not endorse the gold advert, just the trillion in perspective BTW.

  • Simiantongue

    I do not endorse the gold advert, just the trillion in perspective BTW.

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