The True Cost of War

by alphamonkey on March 4, 2008 · 1 comment

in Miscellany

While I’d normally throw this into an Internet Sausage post, I’m feeling a wee more political than the norm (which probably has something do with it feeling like a rather historic day for the American political process). This Guardian piece outlines the findings of Joseph Stiglitz and Linda Bilmes, whose book ‘The Three Trillion Dollar War: The True Cost of the Iraq Conflict‘ details the staggering financial burden the Iraq War has placed on the US (not to mention the rest of the world) along with examining the short-sighted decisions and lack of preparation that resulting in such egregious financial waste.

Some salient points:

  • Our aid spending in Africa amounts to around 5 billion dollars a year, which we spend in Iraq in just 10 days of combat operations.
  • Day-to-day operations in Iraq have already cost the US more than 12 years in Vietnam did
  • the 16 billion a month it costs us to just maintain operations is more than the UN’s yearly budget
  • Rising oil prices have cost this country an extra 25 billion dollars a year, and by 2015 will have cost us 1.3 trillion dollars
  • Those are sobering figures, and ones which should be making this nation take a hard look at how our dollars are being spent (to say nothing of how much debt we’re incurring with foreign states) and at least examine how we can make smarter choices both in the short-term and the long-term.

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