Cost of Iraq War Now Beyond Human Comprehension

By William D. Hartung, Tomdispatch.com. Posted March 5, 2008.

How far off were they? Well, it depends on which figure you choose to start with. Here's the range: According to key officials in the Bush administration back in 2002-2003, the invasion and reconstruction of Iraq was either going to cost $60 billion, or $100-$200 billion. Actually, we can start by tossing that top figure out, since not long after Bush economic advisor Larry Lindsey offered it in 2002, he was shown the door, in part assumedly for even suggesting something so ludicrous.

Deputy Secretary of Defense Paul Wolfowitz championed the $60 billion figure, but added that much of the cost might well be covered by Iraqi oil revenues; the country was, after all, floating on a "sea of oil." ("To assume we're going to pay for it all is just wrong," he told a congressional hearing.) Still, let's take that $60 billion figure as the Bush baseline. If economists Joseph Stiglitz and Linda Bilmes are right in their recent calculations and this will turn out to be more than a $3 trillion war (or even a $5-7 trillion one), then the Bush administration was at least $2,940,000,000,000 off in its calculations.

That definitely qualifies as a ballpark figure for an administration that never saw a budget estimate for one of its imperial dreams that it couldn't hike. Take just one of its major "reconstruction" projects: getting the vast U.S. embassy staff out of a former palace of Saddam Hussein and into a brand-new, almost Vatican-sized "embassy," a genuine mother ship, being built from the ground up inside Baghdad's heavily fortified (and often heavily shelled) Green Zone. Originally scheduled to open in mid-2007, what will undoubtedly be the largest "diplomatic" mission on the planet was initially budgeted for $592 million. Predictably, its price tag soared another $144 million, and now comes in at $736 million, as yet unopened. In December 2007, the State Department officially certified it "substantially complete," but, as with most Bush administration construction projects in that country, it remains in a state of staggering unreadiness; two of the State Department employees who worked on it are now "under criminal investigation"; and the State Department is dragging its feet about handing over relevant documents to Congress. Ho-hum.

Nothing, of course, has been cheap for American taxpayers who are financing the Bush administration's war policies. It's been like putting up money for an administration staffed by shopaholics let loose in Neiman Marcus or gambling addicts freed to roam Las Vegas with no betting limits.

But what does money matter? After all, this administration has been spending as if there were no tomorrow. And now, with tomorrow staring them in the face, the latest scare tactic seems to be claiming that doing anything about present policies will simply be ... too expensive. Not long after the price of oil crested above $103 a barrel, Karl Rove, for instance, predicted that any serious "redeployment" from Iraq would mean ... $200 a barrel oil.

Sigh ... Fortunately, we've got William Hartung, director of the Arms and Security Initiative at the New America Foundation, to try to put Bush spending policies in its wars of choice into perspective. -- Introduction by TomDispatch editor Tom Engelhardt.

War is Hell, But What the Hell Does it Cost? One Week at War in Iraq and Afghanistan for $3.5 Billion
By William D. Hartung

War is hell -- deadly, dangerous, and expensive. But just how expensive is it?

In a recent interview, Nobel Prize-winning economist Joseph Stiglitz asserted that the costs of the Iraq war -- budgetary, economic, and societal -- could reach $5 trillion.

That's a hard number to comprehend. Figuring out how many times $5 trillion would circle the globe (if we took it all in one dollar bills) doesn't really help matters much, nor does estimating how many times we could paper over every square inch of Rhode Island with it. The fact that total war costs could buy six trillion donuts for volunteers to the Clinton, Obama, McCain, and Huckabee campaigns -- assuming a bulk discount -- is impressive in its own way, but not all that meaningful either. In fact, the Bush administration's war costs have already moved beyond the human scale of comprehension.

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William D. Hartung is the director of the Arms and Security Initiative at the New America Foundation. He is the author of And Weapons for All (Harper Collins, 1994) and How Much Are You Making on the War, Daddy? A Quick and Dirty Guide to War Profiteering in the Bush Administration (Nation Books, 2004).

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