Saturday, March 30, 2013

Paying The Bill For War's of Choice

Dick Cheney was not concerned about the cost of his administration's war in Iraq.  He argued that it would pay for itself by providing access to oil.  Since then, a lot of research has been done to determine the cost of our military operations in the mid-east.  This study claims that we have spent around $2 trillion already.  That amounts to 20% of the debt incurred by government since 2001.  This was a war that was funded by debt. Taxes were actually cut during the Iraq war. However, That is only the tip of the iceberg.  The cost of providing medical care and other benefits to veterans will range between $2-4 trillion over time.  From a pure financial perspective we got a very poor return on our investment.  One can only imagine how that money might have been invested in areas that could have had a major impact on our well-being.  We don't even want to consider the human costs of our government's decision to invade a country that was not connected to the terrorist attacks on the US.


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