Iraq War cost about U.S. $ 50-60 billion

flaq iraq

Washington, In early 2008, newspaper Washington Post estimates that the Iraq war reached U.S. $ 3 trillion. The number has now swelled and multiplied. The estimate is, in those days, had far exceeded government predictions of former President George W Bush's U.S. $ 50-60 billion. Especially today, when the U.S. has to end combat missions in that country. Estimated U.S. $ 3 trillion to be too low.

Inflate the cost of that war, according to the Washington Post, was not caused by rising oil prices, national debt, as well as the economic crisis that attacks on 2008-2009.

In 2003, when it began to invade Iraq, the U.S. cut the budget for the war in Afghanistan to U.S. $ 14.7 billion from the previous year to U.S. $ 20 billion and U.S. $ 53 billion for Iraq. In 2004-2006, the amount spent in Iraq to Afghanistan four times.

According to the calculation of the largest media in Washington that the Iraq war is responsible for the increase of U.S. $ 10 per barrel oil. Thus, the cost of U.S. $ 250 billion for oil is the impact of the Iraq war.

U.S. debt rose from U.S. $ 6.4 trillion as of March 2003 to U.S. $ 10 trillion in 2008 or just before the financial crisis occurred. At least a quarter of that increase is caused by the war budget.

These figures do not include the cost of care wounded soldiers and veterans. It could be said, by deciding to end the two wars in Iraq and Afghanistan, Obama saved his own country's budget from massive debts.