by Frank James
The Iraq War has cost more by itself than any other U.S. war with the exception of World War II.
That's just one sobering fact in the report issued this week by the Center for Strategic and Budgetary Assessments that examines the costs of the Iraq and Afghan wars.
Here's another fact. Both wars have cost more than any other war the U.S. has fought save World War II.
And how much have the wars cost all told since 2001? The CSBA says the costs are approaching $1 trillion and may by 2018 reach anywhere between $1.3 trillion to $1.7 trillion on the low end to $2 trillion to $2.5 trillion. The difference has a lot to do with how one calculates interest costs and certain components of overall costs such as veterans benefits.
As the CSBA explains in its report:
Since 2001, the US government and the American taxpayer have provided about $904 billion (unless otherwise noted, all cost and funding figures cited in this analysis are expressed in 2008 dollars) for military operations, including $66 billion to cover war-related costs for the first
part of 2009. Moreover, the wars in Iraq and Afghanistan appear to be far from over. A set of illustrative scenarios developed by the Congressional Budget Office (CBO) suggest that the direct budgetary costs of these military operations could amount to an additional $416-817 billion through 2018--assuming the number of US troops involved in the two conflicts is reduced from today's level of about 200,000 to some 30,000-75,000 over the next several years. This would bring the direct
budgetary costs of these wars to a total of some $1.3-1.7 trillion ...

