Does War Equal Bankrupcy?
Future Cost Of Iraq War
A war that started over Weapons of Mass Destruction, but is mostly concerning oil has quickly become one of the most costly wars in American history. The price is continuing to increase into the billions. By the end of the year experts conclude that the total will exceed into the trillions. This excess of spending has even affected the American dollar by decreasing its value. If this spending continues then this war will easily become the most costly war America has experienced.The cost of the Iraq war continue to increase. Steven Kosiak, an analyst at the Center for Strategic and Budgetary Assessments, a Washington think tank estimates the costs of the War to be $450 billion for the Iraq War itself and $127 billion for the movement in Afghanistan. This makes the combined total $577 billion dollars but by the end of the next year the estimated total will rise up to about $808 billion. If this fighting were to continue on for a decade then the totla could exceed a trillion dollars which does not include the debt Washington would pile up to pay for this endeavor. If those were added to the total there would be an additional $700 plus million.This war has many costs especially the increase in oil. Oil used to be $26 a barrel but has not fluctuated to over $81 a barrel in this current week. Oil is increasing the strain on the United States' finances and if Iraq is a protectorate of the US as is predicted they will remainthat way for a decade until they can become stable. This will increase the amount of money the US has spent in Iraq most likely intoover $2 trillion.
A war that started over Weapons of Mass Destruction, but is mostly concerning oil has quickly become one of the most costly wars in American history. The price is continuing to increase into the billions. By the end of the year experts conclude that the total will exceed into the trillions. This excess of spending has even affected the American dollar by decreasing its value. If this spending continues then this war will easily become the most costly war America has experienced.The cost of the Iraq war continue to increase. Steven Kosiak, an analyst at the Center for Strategic and Budgetary Assessments, a Washington think tank estimates the costs of the War to be $450 billion for the Iraq War itself and $127 billion for the movement in Afghanistan. This makes the combined total $577 billion dollars but by the end of the next year the estimated total will rise up to about $808 billion. If this fighting were to continue on for a decade then the totla could exceed a trillion dollars which does not include the debt Washington would pile up to pay for this endeavor. If those were added to the total there would be an additional $700 plus million.This war has many costs especially the increase in oil. Oil used to be $26 a barrel but has not fluctuated to over $81 a barrel in this current week. Oil is increasing the strain on the United States' finances and if Iraq is a protectorate of the US as is predicted they will remainthat way for a decade until they can become stable. This will increase the amount of money the US has spent in Iraq most likely intoover $2 trillion.
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