Who Will Pay for Iraq and When?

By Jonathan Coopersmith
t r u t h o u t | Guest Contributor

Thursday 16 November 2006

In all the heated words about the Iraq war, we've heard little or nothing about paying for it. Regardless of how you feel about the war, you must concede that it is going to cost us all dearly.

The Iraq war is consuming over $1.4 billion a week - or $200 million a day. In the time it takes you to read this article, the American government will have spent $700,000 on the war. The war has cost $200 billion already. Economists have estimated the war's ultimate bill will be $1-2 trillion, which includes costs such as the hospitalization and long-term care of tens of thousands of wounded veterans, interest payments on the wartime debt and replacement of worn-out equipment.