Wednesday, November 14, 2007

Iraq/Afganistan War Estimated At $1.5 Trillion

Iraq War Cost Put At $US1.5 trillion

The cost to the United States of the Iraq and Afghanistan wars is about $US1.5 trillion according to a study by congressional Democrats. The study estimates the wars' hidden costs such as higher oil prices, the expense of treating the wounded and interest payments on money borrowed to pay for them. This is almost double the $US804 billion the White House has spent or requested for the wars, says the Democratic staff of Congress' Joint Economic Committee. The study, The Hidden Costs of the Iraq War, estimates the wars have cost the average American family of four more than $US20,000.

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