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How Much Did The War Cost American Taxpayers?

Posted on: March 5, 2011

The Real Cost of the Iraq War

The occupation of Iraq has come at a high cost. The Congressional Budget Office estimates that as of July 2007, approximately $421.4 billion of our taxes has been allocated to the war in Iraq and another $180 billion to Afghanistan and other Defense department needs since September 2001. The Bush administration is currently spending at a rate of between $10 billion to $12 billion a month on the war in Iraq1. That would mean that through the end of September 2007, the total spent on the war in Iraq alone would be $441 billion. Moreover, CRS projects that by the end of September 2008, we will have spent $566.7 billion on the war2.

With the money spent on the Iraq War we could have: 
  • Rebuilt New Orleans 4.4 times.4,5
  • Improved the nation’s drinking and waste water systems for nine years.6
  • Provided universal health insurance coverage for almost two years.7,8
  • Rebuilt New Orleans 4.4 times.4,5
  • Improved the nation’s drinking and waste water systems for nine years.6
  • Provided universal health insurance coverage for almost two years.7,8
  • With one day of Iraq War funding we could have: Sent 60,284 high school graduates to four fully-funded years at public universities.9
  • Hired 7,030 new public school teachers.10
  • Sent 60,284 high school graduates to four fully-funded years at public universities.9
  • Hired 7,030 new public school teachers.10
  • With one year and 10 days of Iraq War funding we could have: Repaired the entire system of navigable inland waterways.11
  • Repaired the entire system of navigable inland waterways.11
  • With 10 months of Iraq War funding we could have: Improved our bridges, roads, and transit infrastructure.12
  • Improved our bridges, roads, and transit infrastructure.12

With six months of Iraq War funding we could have:
  • Insured 2,666,666 children13 under the State Children’s Health Insurance Plan (S-CHIP).14
  • With four months of Iraq War spending we could have: Made the $39.5 billion in needed repairs to the infrastructure of all segments of civil aviation.15
  • Made the $39.5 billion in needed repairs to the infrastructure of all segments of civil aviation.15
  • With one month of Iraq War spending we could have: Made the $10 billion in repairs to the most critical levees and dams.16
  • Made the $10 billion in repairs to the most critical levees and dams.16
  • With the money from four weeks of the Iraq War we could have: Replaced every cent lost by Enron employees.17, 18

For More Check the Cost of War Clock: http://costofwar.com/en/ and this Report

Baghdad wants US to apologize and to pay $1 billion to rebuild city

Little-known fact: Obama’s failed stimulus program cost more than the Iraq war

Read More…

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