Monday, March 10, 2008
Iraq war will cost United States $12 billion per month
The flow of blood may be ebbing, but the flood of money into the Iraq war is steadily rising, new analyses show. In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the “burn” rate of its earliest years, Nobel Prize-winning economist Joseph E. Stiglitz and co-author Linda J. Bilmes report in a new book.
This helps put some prospective on John McCain’s view that we will be in Iraq for the next 100 years. It’s starting to add up to some real money.
The book is called The Three Trillion Dollar War: The True Cost of the Iraq Conflict and it’s on Amazon for $15.61.
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If we spent $50 billon dollars a year over ten years, that’s $500 billon total, we could eradicate global abject poverty. In terms of the war on terror, why aren’t we doing this?! Isn’t poverty
what causes terrorism? Isn’t the loss of hope and humanity what drives people to fly planes into buildings and blow themselves up?
America spent $25 Billon between August 15 and Sept. 1 of this year just for the war in Iraq. The cost of the war is $1.2 trillion as of January 17, 2007, so the US alone could have eradicated global poverty. What’s the cost of war to us here at home: $275 million per day, which is $4,100 per household per year. Compare that to $136 million per day and $2,027 per household per year of ending poverty. Which is the cheaper, more rational choice?