The Forum > General Discussion > The true cost of war in Iraq
The true cost of war in Iraq
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President Bush's economic adviser and head of the National Economic Council, suggested that they might reach $200 billion. But this estimate was dismissed as “baloney” by the Defence Secretary, Donald Rumsfeld.
The Bush Administration was wrong about the benefits of the war and it was wrong about the costs of the war too.
Even in the best case scenario, these costs are projected to be almost ten times the cost of the first Gulf War, almost a third more than the cost of the Vietnam War, and twice that of the First World War
In fact Bush's Iraqi adventure will cost America - just America - a conservatively estimated $3 trillion.
Daily military operations (not counting, for example, future care of wounded) have already cost more than 12 years in Vietnam, and twice as much as the Korean war.
The United States has a long-term cost of taking care of many, many thousands of disabled veterans for the rest of their lives.
Most Americans have yet to feel these costs. The price in treasure has, in a sense, been financed entirely by borrowing.
Who is profiting from this war? The countries that are the oil exporters and the defense contractors.
For more information read at:
http://www.guardian.co.uk/world/2008/feb/28/iraq.afghanistan
http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article3419840.ece
http://www.alternet.org/waroniraq/77663/
Antonios Symeonalis
Adelaide