Monday, July 18, 2005

Economics of war

A depressing (and not widely reported) news article totals the costs of the Iraq and Afghanistan war so far - $315 billion - and projects new costs over the next ten years - an additional $450 billion. Afghanistan accounts for less than a third of the costs to date. The projection assumes a significant decrease in the annual cost - let's hope they're right.

I didn't consider myself an optimist in May 2004 when I reviewed cost projections, made some guesses as to the future and said "my grand total is $210 to $360 billion dollars, or three to seven times the [original] Bush estimate, and twenty to forty times the cost of Gulf War I."

Clearly, this blog has been way too trusting and supportive of the Bush Administration.

Iraq, politics

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.