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The True Cost of the Iraq War January 23, 2006

Posted by Steve Gallagher in Government & Politics.
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“In 2002, Lawrence Lindsay, then director of the White House National Economic Council, suprised the Bush administration by saying that a war in Iraq could cost $100 to $200 billion.” – Scott Wallsten

Soon afterwards he was fired. In 2003 Paul Wolfowitz testified before Congress that the war would pay for itself, using $15 – $20 billion a year in oil exports, $10 billion from an escrow account run by the UN, and billions more to be confiscated from Saddam’s own personal bank account.

Andrew Natsios, Chief for International Development at the State Department stated in an interview that the cost of the reconstruction of Iraq would be exactly $1.7 billion. Scott Wallstern has estimated that thru this past summer, direct costs to the United States has reached $300 billion, with the worldwide costs, including costs to the US, Iraq, and coallition partners has reached $500 billion, with future costs expected to double this. Before the war, several economists gave their predictions, including a calculation from William Nordhaus of Yale, with a figure of $100 billion to $2 trillion.

For more info go to: www.bepress.com/ev

To make your own prediction, go to: http://aei-brookings.org/iraqcosts/ 
where there is a chart with changable values. By moving the sliders for such statements as; “What will be the last year US troops are in Iraq”, and “How many US troops will die each year”, the chart automatically recalculates a dollar figure.

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Comments»

1. photographer - October 15, 2007

US army destroys their own weapons,when returning from Iraq. Why? Because apprently it costs them less to buy their soldiers a new gun than to import it back home.

(by US marine who was injured in Iraq..)


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