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The Iraq War Week = $180/home, 20 dead soldiers, 400 wounded

 
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brian-hansen
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Joined: 17 Mar 2006
Posts: 712
Location: Oregon

PostPosted: Fri May 25, 2007 3:17 pm    Post subject: The Iraq War Week = $180/home, 20 dead soldiers, 400 wounded Reply with quote

The figure of $2 Billion/week is widely quoted as the cost of the
war in Iraq. At this figure, every US citizen is paying (or our
government is borrowing) $6/week for the war. When considered
on a per household basis, the cost is $20/week or $1000/year.

Of course, this is the ongoing cost. The initial cost was presumably
much higher. If you are in a higher tax bracket than the average
household, then your cost would be higher.

I figure that this figure is probably about a third of the actual cost.
First, the military in general, with its separate military budget is
contributing, either directly, or via opportunity cost.

Second, there are the follow on costs: care for injured military
(60,000 severely injured), cleaning up, etc. And I think it fair to
estimate that these two contribute as much to the overall costs
as the direct costs, putting the war at $3000/household/year.

Now that the current administration has gotten its 100B$ "emergency"
appropriation to fund the war through September, I realize that
the 2B$/week figure is way too low. There are approximately
16 weeks between now and then, which puts the figure at 6B$/week,
or triple the commonly-used figure. This puts the "real" cost
at 18B$/week, or $180/household/week. This amounts to
about $9400/household/year, for the average household.

Of course, to this figure, add 20 US military dead, and 400 severly
injured.

-Brian
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