War Spending Vs. America Spending

Running Head : struggle against IraqOpportunities Lost Due To fight against Iraq (Name of Student (Name of InstructorOpportunities Lost Due To War against IraqIn 2003 , when United States started invading Iraq , Larry Lindsey President Bush s stinting adviser said that the extend to up of this struggle might reach 200 gazillion . Everybody scene this was too much and the only way they suffer subvert back is non to spend any on the reconstruction of Iraq . It has been to a greater extent than five years and the economic impact of this warfare has been more than anybody imagined (Wilson , 2006 consort to Congressional Budget authorisation (CBO , this war has been the some expensive war in the explanation of United States . If we look at all the wars for past lux years i .e . the war in Afghanistan , Vietnam etc this war had a very heavy(p) impact on the United States economy The war in Vietnam had a toll of almost 5 .1 jillion per month , which , is a locoweed less than this war . According to American Enterprise Institute (AEI the address of Iraq war is nix as compared to whole of United States economy , but song examine otherwise (BBC , 2005According to CBO , The Initial deployment alone , of the troops in Iraq had a cost of almost 9 cardinal to 13 billion . Conducting the war required almost 6 billion to 9 billion per month . When making these estimations on the cost of war against Iraq the CBO made certain assumptions . A few undiscovered factors were not included this means the actual cost of this war is more than shown . The number of casualties loss of military equipment etc are such(prenominal) be which cannot be determined before hand and these be amplification the actual cost of the war .

Table I shows estimated cost of the war compared to other wars against terrorism (Billions of Dollars , by monetary Year2001 2002 2003 2004 2005 2006 2007 01-07Military trading operations and OtherDefense ActivitiesIraq 0 0 46 68 53 89 113 368Other 14 18 34 21 18 22 39 165Sub Indigenous Security ForcesIraq 0 0 0 5 6 3 6 19Afghanistan 0 0 0 0 1 2 7 11Sub diplomatical Operations and Foreign AidIraq 0 0 3 15 1 3 3 25Other 2 5 2 2 1 2 14Sub Veterans Benefits and ServicesIraq 0 0 0 0 0 0 1 1Other 0 0 0 0 0 0SubTABLE I : Estimated Appropriations Provided for Iraq and the War on Terrorism , 2001 to 2007Source : Congressional Budget touch , 2007Note : Values may not add due to approximationsJoseph E . Stiglitz and Linda Bilmes presented a research on th e cost of war in Iraq . According to this seek the real cost of war in Iraq is a lot more than actual approximations made by the government . This currency comes from the tax payers of our nation . According to Stiglitz at that place are trey parts of his calculations that...If you want to get a full essay, nightspot it on our website: OrderCustomPaper.com

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