American newspaper: The Iraq war cost Washington $ 2 trillion deducted from the taxpayers

[Butifldrm]

 

02/20/2020 12:35

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• Section: Iraq
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American newspaper: The Iraq war cost Washington $ 2 trillion deducted from the taxpayers

 

Baghdad / Obelisk: The American economic newspaper, Business Insider, reported in a report published on Friday, February 7, 2020, that the war in Iraq cost the United States of America more than $ 2 trillion, noting that these war funds have been deducted from the taxpayers.

The newspaper said, that a new report from the War Costs Project at Brown University, estimated that American taxpayers paid an average of $ 8,000 each and more than $ 2 trillion in total for the Iraq war alone.

The newspaper added, that the actual costs of the war exceed the Pentagon’s approved budgets, and move to other parts of the federal budget Unlike most wars in history, the war is funded by borrowing money, which leads to the payment of large amounts of interest - not to mention the increase in wages to retain soldiers Medicare and disability.

And regardless of the high cost of the Iraq war, the group estimates that the United States has spent more than $ 6.4 trillion on all its efforts in the war on terrorism in Iraq and Afghanistan, and related violence in Pakistan and Syria.

According to a new estimate by Neta Crawford, co-director of war costs, US taxpayers paid nearly $ 2 trillion in costs associated with the war on the Iraq war alone.

Newsweek estimated that the total war in Iraq amounts to about $ 8,000 per taxpayer, a figure that far exceeds the Pentagon's estimate that Americans have paid an average of $ 3,990 to both Iraq and Syria so far.

In March 2019, the Department of Defense estimated that wars in Iraq, Afghanistan, and Syria combined cost each US taxpayer approximately $ 7,623 on average.

The War Costs Project, through Brown University, is researching the human, economic and political costs of the post-9/11 wars launched by the United States.

It is important for Americans to understand exactly what their taxes are paying when it comes to war-related expenses, Stephanie Saville, co-director of War Costs Projects, told Insider.

He continued: While the Americans are discussing the advantages of the American military presence in Iraq and elsewhere in the name of the American war on terrorism, it is necessary to understand that the costs of the war far exceed what the Ministry of Defense allocated in emergency operations overseas and access to many parts of the federal budget.

The Pentagon has allocated about $ 838 billion in emergency and foreign emergency operations for military operations in Iraq from fiscal year 2003 to 2019, including operations fighting ISIS in Iraq and Syria, however, Saville says that the actual costs of the war often exceed the cost of the budgets that he agreed Congress.

And when you are responsible for the cost of the war, you cannot just calculate what the Ministry of Defense has spent on foreign emergency funds.

She pointed out other groups of costs including interest on borrowed money, increased war-related spending, higher wages to retain soldiers, medical care and disability for post-9/11 veterans, and more.

According to their estimates, the cost of the Iraq war to date will be $ 1922 billion in the current dollar. This figure includes the funding that the Pentagon explicitly allocated to the war, spending on the country by the State Department, sponsoring veterans of the Iraq war and interest on debt incurred for 16 years of involvement. The American army in the country.

Crawford says that the war-related spending in Iraq has exceeded its budget in 16 years, and military forces have been in the country, and the surplus is estimated at $ 382 billion in Iraq alone.

Increases in budgets approved by Congress were used to increase base security, recruitment and reinsertion bonuses, and increase wages to retain staff, and health care costs for service members.

In addition to the costs of the Ministry of Defense, the State Department added about $ 59 billion to the total costs of the USAID war in Iraq and Iraq. Meanwhile, $ 199 billion has been spent on veterans in Iraq who receive medical care, disability and other compensation.

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[Donziman]

These figures are always misleading. Most money is spent for equipment and

personnel  What this means is the money goes to American companies and

American fighting men and women. If this money is then spent within our borders

it goes round and round to keep our economy running.   imho.