- Aug 21, 2003
- Reaction score
- Chattanooga, TN
Almost as much as the Vietnam war... but not costing or consuming our GDP as "other pricey conflicts"Iraq war's total cost nearing Vietnam's price tag
By CHRISTINE SIMMONS, Associated Press Writer 2 hours, 28 minutes ago
WASHINGTON - The total cost of the Iraq war is approaching the Vietnam War's expense, a congressional report estimates, while spending for military operations after 9/11 has exceeded it.
The new report by the Congressional Research Service estimates the U.S. has spent $648 billion on Iraq war operations, putting it in range with the $686 billion, in 2008 dollars, spent on the Vietnam War, the second most expensive war behind World War II. Since the Sept. 11, 2001, terrorist attacks, the U.S. has doled out almost $860 billion for military operations in Afghanistan, Iraq and elsewhere around the world.
All estimates, adjusted for inflation, are based on the costs of military operations and don't include expenses for veterans benefits, interest on war-related debts or assistance to war allies, according to the nonpartisan CRS.
The report underscores how the price tag has been gradually rising for the war in Iraq, which began in March 2003. In late 2002, then-White House budget director Mitch Daniels estimated the Iraq war would cost $50 billion to $60 billion. A year later, L. Paul Bremer, then-chief of the U.S. occupation government in Iraq, said the war would cost $100 billion.
Yet the Iraq war has consumed less of the nation's gross domestic product than other pricey conflicts. The Iraq war's costs represented 1 percent of GDP in the peak year of the war. World War II, with a $4.1 trillion price tag in 2008 dollars, was nearly 36 percent of GDP and the Vietnam War was 2.3 percent of GDP in that wars' peak years.
Now I dunno about you but 600 Billion is a lot more than the original estimates put out after 9/11.
63.374 Trillion Dollars this country has spent in wars alone... adjusted to 2008 dollars.Here are the report's estimated costs of major wars, in 2008 dollars, and their costs as a percentage of GDP in each of their peak years:
_American Revolution: $1.8 billion; GDP figure not available
_War of 1812: $1.2 billion; 2.2 percent
_Civil War, Union: $45.2 billion; 11.3 percent
_Civil War, Confederacy: $15.2 billion; GDP figure not available
_World War I: $253 billion; 13.6 percent
_World War II: $4.1 trillion; 35.8 percent
_Korean War: $320 billion; 4.2 percent
_Vietnam War: $686 billion; 2.3 percent
_Gulf War: $96 billion; 0.3 percent
_Iraq war: $648 billion; 1 percent
_Afghanistan/Global war on terror: $171 billion; 0.3 percent
_Post 9/11 domestic security: $33 billion; 0.1 percent
_Post 9/11 operations: $859 billion; 1.2 percent
Weigh the amount against 1,291,859 American lives lost combined in the above listed wars http://www.militaryfactory.com/american_war_deaths.asp amounts to what? Roughly 2.04 million dollars per death in all the wars listed? Or 6.13 million for each soldier killed thus far in Iraq.
Do the families get that much compensation for the loss of their loved one?
Definitely war is a money making venture... but it's also a costly one at that.
So how much longer will it last, how much more in dollars and blood will we spend?