Friday, November 16, 2007

War Costs Mounting


I remember when they estimated the war would pay for itself, cost $50 Billion at most, and now that's less than a "supplemental". From the AP:

"The $1.6 trillion figure, for the period from 2002 to 2008, translates into a cost of $20,900 for a family of four, the report said. The Bush administration has requested $804 billion for the Iraq and Afghanistan wars combined, the report stated.

For the Iraq war only, total economic costs were estimated at $1.3 trillion for the period from 2002 to 2008. That would cost a family of four $16,500, the report said....

...Meanwhile, “the sum of interest paid on Iraq-related debt from 2003 to 2017 will total over $550 billion,” the report said. The government has to make interest payments on the money it borrows to finance the national debt, which recently hit $9 trillion for the first time.

The report comes as the House prepares to vote this week on another effort by Democrats to set a deadline for withdrawing troops from Iraq as a condition for providing another $50 billion for the war."

I'm not really anti-war per se, but a cost-benefit analysis of the war does not look good, even if you're in the pro-torture camp. It would be difficult to prove that this war has been "worth it". Just imagine what we could have spent that money on...or saved in taxes if that's what you prefer.