CBO: Iraq War To Cost $1 Trillion

Iraq is costing the U.S. dearly in blood and treasure. The blood costs are tragic, and the treasure is exorbitant.

The war in Iraq could ultimately cost well over a trillion dollars -- at least double what has already been spent -- including the long-term costs of replacing damaged equipment, caring for wounded troops, and aiding the Iraqi government, according to a new government analysis.

The United States has already allocated more than $500 billion on the day-to-day combat operations of what are now 190,000 troops and a variety of reconstruction efforts.

In a report to lawmakers yesterday, the nonpartisan Congressional Budget Office estimated that even under the rosiest scenario -- an immediate and substantial reduction of troops -- American taxpayers will feel the financial consequences of the war for at least a decade.

Remember in 2002, when administration officials boasted about how this war could be fought on the cheap, and how Iraq would quickly finance itself?


Comments

We welcome relevant, respectful comments. Please refer to our Terms of Service for information on our posting policy.