War spending vs. America spending

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America spending Running Head : War against Iraq Opportunities Lost Due To War against Iraq (Name of Student (Name of Instructor Opportunities Lost Due To War against Iraq In 2003 , when United States started invading Iraq , Larry Lindsey President Bush ‘s economic adviser said that the cost of this war might reach 200 billion

Table I shows estimated cost of the war compared to other wars against terrorism (Billions of Dollars , by Fiscal Year 2001 2002 2003 2004 2005 2006 2007 01-07 Military Operations and Other Defense Activities Iraq 0 0 46 68 53 89 113 368 Other 14 18 34 21 18 22 39 165 Sub Indigenous Security Forces Iraq 0 0 0 5 6 3 6 19 Afghanistan 0 0 0 0 1 2 7 11 Sub Diplomatic Operations and Foreign Aid Iraq 0 0 3 15 1 3 3 25 Other 2 5 2 2 1 2 14 Sub Veterans ‘ Benefits and Services Iraq 0 0 0 0 0 0 1 1 Other 0 0 0 0 0 0 Sub TABLE I : Estimated Appropriations Provided for Iraq and the War on Terrorism , 2001 to 2007 Source : Congressional Budget Office , 2007 Note : Values may not add due to approximations Joseph E

According to American Enterprise Institute (AEI the cost of Iraq war is nothing as compared to whole of United States economy , but numbers show otherwise (BBC , 2005 According to CBO , The Initial deployment alone , of the troops in Iraq had a cost of almost 9 billion to 13 billion

It has been more than five years and the economic impact of this war has been more than anybody imagined (Wilson , 2006 According to Congressional Budget office (CBO , this war has been the most expensive war in the history of United States

the war in Afghanistan , Vietnam etc this war had a very great impact on the United States economy The war in Vietnam had a cost of almost 5

According to this Research the real cost of war in Iraq is a lot more than actual approximations made by the government

When making these estimations on the cost of war against Iraq the CBO made certain assumptions

The number of casualties loss of military equipment etc are such costs which cannot be determined before hand and these costs increase the actual cost of the war

Conducting the war required almost 6 billion to 9 billion per month

Stiglitz and Linda Bilmes presented a research on the cost of war in Iraq

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