Sunday, October 15, 2006

Fiscal Cost of Iraq War Will Soon Exceed Cost of Korean War


The Iraq War is already the fourth costliest war in American history (as measured in constant dollars). Soon, it will be the third costliest war in U.S. history.

The National Priorities Project has reported that the Iraq War has cost U.S. taxpayers $334 billion so far. The cost of the Iraq War is rapidly approaching the cost of the 1950-53 Korean War, which cost the U.S. $361 billion.

The most expensive wars in U.S. history, according to The Christian Science Monitor are: World War II ($3.114 trillion), the Vietnam War ($531.5 billion) and the Korean War ($361.2 billion). Note: all figures are in 2005 dollars.

Actually, even these figures don't tell the whole story, though. The cost of fighting World War II was offset by the fact that after the war, America acquired an enormously valuable treasure trove of highly lucrative German technology and patents. This ranged from aerospace and jet engine technology to military technology to sophisticated chemicals.

By contrast, the U.S. won't be reaping any benefit whatsoever from the Iraq War. In fact, we're having a difficult time just accessing that nation's oil reserves. So much for the Bush team's pre-war prediction that Iraq's oil would pay for the cost of the invasion.

On that topic, I'd like to debunk one of the stupidest Republican arguments to have come down the pike the past couple of years. That is: that Bush's rationale for the Iraq War could not have been oil, since the U.S. hasn't had much luck in accessing Iraq's oil since the invasion.

I've heard this argument repeated by right-wingers endlessly. The lack of logic is breathtaking. First of all, just because America hasn't gotten its grubby hands on Iraq's oil doesn't mean that our leaders don't want the oil. All it means is that the Iraqi insurgents have been highly successful in targeting Iraq's oil infrastructure and pipelines. It's difficult for Iraq's oil industry to operate when the nation is in the midst of chaos and civil war.


Anonymous said...

Or there's the alternative effect of market chaos providing cover for zooming oil and gas prices and megaprofits for (R) campaign contributors.

Anonymous said...

Bush didn't make me a democrat, he made me an anarchist.

Anonymous said...

Speaking of Korea, the U.S. still has 30,000 troops in that nation to this day. Gives you an idea of how long American forces might be in Iraq.

Anonymous said...

We Blue Staters have decided we're leaving.
We intend to form our own country, and we're taking the other Blue States with us.

In case you aren't aware, that includes Hawaii, Oregon, Washington, Minnesota, Wisconsin, Michigan, Illinois and all the Northeast. We believe this split will be beneficial to the nation, and especially to the people of the new country of New California.

To sum up briefly: You get Texas, Oklahoma and all the slave states.
We get stem cell research and the best beaches. We get Elliot Spitzer. You get Ken Lay.

We get the Statue of Liberty. You get Dollywood.
We get Intel and Microsoft. You get WorldCom.
We get Harvard. You get Ole Miss.
We get 85 percent of America's venture capital and entrepreneurs. You get Alabama.
We get two-thirds of the tax revenue, you get to make the red states pay their fair share.

Since our aggregate divorce rate is 22 percent lower than the Christian Coalition's, we get a bunch of happy families. You get a bunch of single moms.

Please be aware that Nuevo California will be pro-choice and anti-war, and we're going to want all our citizens back from Iraq at once. If you need people to fight, ask your evangelicals. They have kids they're apparently willing to send to their deaths for no purpose, and they don't care if you don't show pictures of their children's caskets coming home. We do wish you success in Iraq, and hope that the WMDs turn up, but we're not willing to spend our resources in Bush's Quagmire.

With the Blue States in hand, we will have firm control of 80 percent of the country's fresh water, more than 90 percent of the pineapple and lettuce, 92 percent of the nation's fresh fruit, 95 percent of America's quality wines (you can serve French wines at state dinners) 90 percent of all cheese, 90 percent of the high tech industry, most of the U.S. low-sulfur coal, all living redwoods, sequoias and condors, all the Ivy and Seven Sister schools, plus Harvard, Yale, Stanford, Cal Tech and MIT.

With the Red States, on the other hand, you will have to cope with 88 percent of all obese Americans (and their projected health care costs), 92 percent of all U.S. mosquitoes, nearly 100 percent of the tornadoes, 90 percent of the hurricanes, 99 percent of all Southern Baptists, virtually 100 percent of all televangelists, Rush Limbaugh, Bob Jones University, Clemson and the University of Georgia.

We get Hollywood and Yosemite, thank you.

Additionally, 38 percent of those in the Red states believe Jonah was actually swallowed by a whale, 62 percent believe life is sacred unless we're discussing the death penalty or gun laws, 44 percent say that evolution is only a theory, 53 percent that Saddam was involved in 9/11 and 61 percent of you crazy b*****ds believe you are people with higher morals then we lefties.

Anonymous said...

What about poor Colorado. It was almost blue, is that enought to come with you?

Anonymous said...

Anonymous - While you're giving away states you might want to take another look at Oklahoma. Oklahoma governor,Brad Henry, is one of the best governors in the United States. He has led Oklahoma in becoming one of the most forward thinking states on pre-school education, for one example. Are you being irrational?

goatchurch said...

They can say it wasn't about oil all they like, but oil was sure part of the business plan for this war. It was meant to bring in the money to pay for this war. Like all imperial colonies, Iraq was going to pay for its own occupation. That was what was going to make it economically sustainable and capable of going on for decades.

Dawood Mamedoff said...

This war is the second expensive for U.S. after the World War II. Here I've tried to summarize all costs of the Iraq war for Americans: