As we “celebrate” the 10th anniversary of the invasion of Iraq, a new report says that the total cost of the war is over $2 trillion when you add together not only the immediate expenses but the ongoing expenses of caring for the veterans who came back with massive physical and psychological injuries. And that’s just the beginning:
The U.S. war in Iraq has cost $1.7 trillion with an additional $490 billion in benefits owed to war veterans, expenses that could grow to more than $6 trillion over the next four decades counting interest, a study released on Thursday said.
The war has killed at least 134,000 Iraqi civilians and may have contributed to the deaths of as many as four times that number, according to the Costs of War Project by the Watson Institute for International Studies at Brown University.
This is all compounded by the fact that we didn’t even bother paying for it while it was going on. It was entirely financed through debt, so the long term interest on all that debt is what pushes the total cost up so much higher over the long run.