Monday, January 30, 2006

War's $tunning Price Tag


Could we have fought the war in ways that would have protected our troops better and cost the country less? A Pentagon study apparently concludes that better body armor would have prevented many deaths and injuries. Penny-pinching in such matters during the rush to war has led to steep long-run costs for the nation and, tragically, for the individuals involved.

Even more fundamentally, there is the question of whether we needed to spend the money at all. Thinking back to the months before the war, there were few reasons to invade quickly, and many to go slow. The Bush policy of threatened force had pressured Iraq into allowing the U.N. inspectors back into the country. The inspectors said they required a few months to complete their work. Several of our closest allies, including France and Germany, were urging the U.S. to await the outcome of the inspections. There were, as we now know, conflicting intelligence reports.

Had we waited, the value of the information we would have learned from the inspectors would arguably have saved the nation at least $1 trillion — enough money to fix Social Security for the next 75 years twice over.

I know it's too late now, but I can't help looking back at what went wrong. I remember saying it would cost $400 Billion, and people thought that was crazy talk. Well, we've passed that 400B some time ago, now we're on to our great-grandkids with the debt load. (And the baby boomers sold themselves as "peaceniks", yeah right, "plunderers" turns out to be more like it....)