Iraq war has cost more than $800 billion since 2001; Afghan war, $467 billion plus.
President Obama’s announcement that all US troops will be out of Iraq by year end should mean some drop in ongoing military spending.
But the budget relief probably won’t be as much as you might expect.
Tragically, beside the financial cost, there is the human toll. The war in Iraq has resulted in some 4,480 US troops killed and more than 32,000 wounded.
(The Iraqis have suffered far more fatalities, about 654,965, according to the British medical journal
The Lancet.)
Thus, ongoing medical and disability claims and treatment of US veterans will boost the costs of the Iraq war even more.
Throw in the replacement of vehicles, weapons, equipment, etc., and the eventual tab for the
United States could reach
$4 trillion to $6 trillion, according to University of Columbia economist
Joseph Stiglitz and
Harvard University budget expert
Linda Bilmes. Those are big numbers.
Iraq war will cost more than World War II - CSMonitor.com