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The report, entitled "The Iraq Quagmire" from the Institute for Policy Studies and Foreign Policy in Focus, both liberal, anti-war organizations, put the cost of current operations in Iraq at $5.6 billion per month. This breaks down to almost $186 million a day.
"By comparison, the average cost of U.S. operations in Vietnam over the eight-year war was $5.1 billion per month, adjusting for inflation," it said.
As a proportion of gross domestic product, the Vietnam War was more significant, costing 12 percent of annual GDP, compared to 2 percent for the Iraq War. However, economists said the Iraq war is being financed with deficit spending and may nearly double the projected federal budget deficit over the next 10 years.
The U.S. Congress has approved four spending bills for Iraq so far with funds totaling $204.4 billion and is expected soon to authorize a further $45.3 billion.
"Broken down per person in the United States, the cost so far is $727, making the Iraq War the most expensive military effort in the past 60 years," wrote authors Phyllis Bennis and Erik Leaver.
Interesting no?
5.6 billion $ per month.
That's almost 186 million $ a day.
I wonder whats next...
Originally posted by WestPoint23
What’s it to you? Its not your taxes so don’t worry about it. Rebuilding a nation isn’t cheap.
Nice to know that some people are making Big Bucks out of this so-called Liberation.
And it's not You or Me....
Originally posted by WestPoint23
Nice to know that some people are making Big Bucks out of this so-called Liberation.
And it's not You or Me....
Someone has to do the work, its not going to get done by itself.
Somebody has to "Pick up all the Money Laying Around" Right?
Why not the ultra filthy rich war pigs?
Originally posted by WestPoint23
Like I said someone has to do the work, if the only ones who have the resources to do it happen to be rich I don’t care, it doesn’t matter who it is as long as they rebuild Iraq.
Originally posted by Souljah
$191,260,395,448
Instead, we could have fully funded global anti-hunger efforts for 7 years.
Instead, we could have fully funded world-wide AIDS programs for 19 years.
Instead, we could have ensured that every child in the world was given basic immunizations for 63 years.
But - NOOoooo! Boys wanna play Cowboys and Indians.
When are WE - as Humanity - Gonna Learn?
When its TOO LATE?
Originally posted by devilwasp
With respect Souljah you say we could have done this and that but the question is , why would we do it?
Because its right?
Because its the moraly right thing to do?
The UK spends 8% of its budget on defence, 8 percent compared to the NHS's 43% now tell me, how can we help people more by not spending that much money on defence?
Originally posted by Souljah
Interesting no?
5.6 billion $ per month.
Originally posted by Daedalus3
what I want to know is how many died in Vietnam in the frist 2 years as compared to in Iraq..I asked that somewhere else on this site but was conveniently ignored..
Originally posted by WestPoint23
This angers me so much, it’s our money we can do with it whatever we want. The problem in Africa or the rest of the world is not my fault, and I should pay for it because it’s the right thing to do??? Give me a freaking break! If we want to sped more on our DoD bugged so what? Mind your business!
Lets see who is going to forward the money for the destruction in the south.
Our country still have the biggest battler to fight yet, our own natural disaster. Let see how Mr. Bush is going to handle the financial burden of the reconstruction of cites.
As generous as he has been to Iraq he should have not problem with our own nation.
Bottom line we are paying for all the US generosity to Iraq.
Well - Why does YOUR Goverment then stick your nose into "Other People's Business" when they want to? The Problems of Africa are not YOURS to solve - but problems of the People of the Middle East are? Hmmmm... Such Hypochrisy. I guess their Lives are not worth saving and they can die in that Prison Continent called Africa.