Study Finds Iraq War is Costing $720 Million a Day

CHICAGO, Illinois – The American Friends Service Committee completed a study that found that the “money spent on one day of the Iraq war could buy homes for almost 6,500 families or health care for 423,529 children, or could out fit 1.27 million homes with renewable electricity.” (The Washington Post)  The cost of the war amounts to $500,000 a minute.

The estimated cost of the Iraq war is not limited to the “immediate costs of war” but also factored in “long-term health care for veterans, interest on debt and replacement of military hardware.”

In response to the recent study, Frederick Kagan of the American Enterprise Institute said, “If you think national security won’t be harmed by withdrawing from Iraq, of course you would want to see that money spent elsewhere.  I myself think that belief, on a certain level, is absurd, so the question of focusing on how much money we are spending there is irrelevant.”

For more information, please see:

The Washington Post – War Costing $720 Million Each Day, Group Says – 22 September 2007