The Iraq War has cost the US nearly $2 trillion
SalonEditor's note: The Costs of Wars project was started in 2011 to assess the long-term consequences of the post-9/11 wars. Project co-director Neta C. Crawford, professor and chair of political science at Boston University, explains the major implications of the Iraq War for the federal budget. Even if the U.S. administration decided to leave — or was evicted from — Iraq immediately, the bill of war to the U.S. to date would be an estimated US$1,922 billion in current dollars. This figure includes not only funding appropriated to the Pentagon explicitly for the war, but spending on Iraq by the State Department, the care of Iraq War veterans and interest on debt incurred to fund 16 years of U.S. military involvement in the country. And since there have been no Iraq War taxes and very few war bonds issued to finance the post-9/11 wars, we should add another $444 billion in interest on borrowing to pay for Pentagon and State Department spending.
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