The Deaf Claque

Because they’re worth clapping for…probably…

Iraq War Costs

By Nathan Schmitt


Lets take a look at the monetary costs of the war, and lets let economist Mark Thoma give us a hand. This piece of his includes text from the Congressional Budget Office’s (CBO) cost of war testimony:

Including both funding provided through 2007 and projected funding under the two illustrative scenarios, total spending for U.S. operations in Iraq and Afghanistan and other activities related to the war on terrorism would amount to between $1.2 trillion and $1.7 trillion for fiscal years 2001 through 2017.” (1)

That is a pretty amazing amount of money. And out of who’s pocket?

Also from Mark Thoma:

According to this, there is an additional $700 billion in interest expenses bringing the total (under the $1.7 trillion dollar scenario) to $2.4 trillion.” (2)

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October 26, 2007 - Posted by | Economics, Iraq War | , , ,

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