The illegal invasion of Iraq cost the lives of 4475 U.S. military, and wounded 32,330 more. Iraqi deaths total near 200,000. When American forces left, little if anything had been accomplished. Quite the opposite, it increased tension between the Islamic world and the West. It made the world less safe. Even the $212 billion reconstruction effort was largely a failure with most of that money spent on security or lost to waste and fraud.
Reuters is now reporting figures that tell of the extraordinary monetary expense and how it helped bankrupt our country.
The U.S. war in Iraq has cost $1.7 trillion with an additional $490 billion in benefits owed to war veterans, expenses that could grow to more than $6 trillion over the next four decades counting interest, a study released on Thursday said.
The report, the work of about 30 academics and experts, was published in advance of the 10th anniversary of the U.S.-led invasion of Iraq on March 19, 2003.
A 2011 report from the Watson Institute suggested the cost of all three wars, Afghanistan, Pakistan, and Iraq reached $3.7 trillion, based on actual expenditures from the U.S. Treasury and future commitments, such as the medical and disability claims of U.S. war veterans.
That estimate climbed to nearly $4 trillion in the update.
Interest on the expenses cost by U S-led invasions could add an additional 4 trillion dollars over the next 40 years.
It’s important to remember that the cost of Bush’s wars was never included in his budget. President Obama fully disclosed the outlandish figures. Now the only discussion by the Party of the former President who created all of this is about “cutting government spending”. Where were they during the 8 long years of Republican rule?
Columnist-The Guardian Express