The nation has spent $415 billion in Iraq and another $190 billion since 2001 fighting the "war on terror," which includes the fighting in Afghanistan, according to a recent report from the Congressional Budget Office, Congress' nonpartisan research arm.Remember this war when they tell us that they need to cut social security benefits. Instead of caring for our own citizens we wasted trillions of dollars on war and countless lives to satisfy this vindictive and stupid President. If you still support this man then you are truly stupid.
That number could grow substantially. The CBO estimated in August that the total could hit $1 trillion by 2013 and that's if nearly two-thirds of the 210,000 troops now deployed are brought home.
On Wednesday, CBO Director Peter Orszag is scheduled to testify on Capitol Hill and is expected to say that those numbers have been revised higher.
In addition, Senate Budget Committee Chairman Kent Conrad said recently that a long-term "Korea-like" presence in Iraq could end up costing $2.5 trillion, or enough to cover half the estimated shortfall in Social Security due to retiring baby boomers.
Tuesday, October 23, 2007
Iraq War's Creeping Costs
The Iraq war may be funded largely with Uncle Sam's borrowed cash, but don't think American consumers will escape without taking a hit in the wallet.