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Iraq-What did it cost- a look back with 8+ years hindsight.


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2011 Feb 17, 5:27pm   10,052 views  49 comments

by American in Japan   ➕follow (1)   💰tip   ignore  

It has been eight years now (as March 20), since the Iraq War began. What are the results now that some time has passed? Was it worth the loss of lives (not to mention a good bit of money with many estimates of $1,000,000,000,000 or more)? Who benefitted and who is worse off? Consider too, the deficit the US has now and how the money might have been otherwise spent. All views are welcome--especially with sources or people who have seen Iraq firsthand.

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41   TechGromit   2011 Nov 30, 10:40pm  

Tech, you're missing some details there.

So a trillion dollars to Kill Saddam, free the kurds and give American Oil companies access to Iraq oil fields. Not a good investment in my opinion.

Democracy in Iraq? Look at Egypt, Libya and Jordan, looks like it would have came anyway without our involvement.

As for our "Investment" to keep Iraq "more in the USD sphere and not lose that economy to the Euro sphere" is this strategy paying dividends? The total cost the war in Iraq and Afghanistan is estimated to be 3.7 trillion dollars. that's 3.7 borrowed dollars, the war will haunt us for years to come trying to pay off the debt.

Iraq is estimated to be able to produce 5 million barrels of oil a day, at $100 a barrel, that's 500 million dollars a day, or 182 billion a year. Assuming all of the income from from the oil was used to pay the war debt, it would take 20 years (without interest) to pay there war debt. With a 3% interest on a 30 year government bond, at 3.7 trillion dollars the payments would be 15.6 billion a month, or 187.2 billion dollars a year. The entire developed potential worth of Iraq oil at current oil prices can not even cover the payments on the cost of the war. (assuming our government can collect), that not including any money to the oil companies doing the infrastructure investments and pumping and transporting the oil to market.

The war was a lousy investment, we will be paying for this war for decades to come. We couldn't afford this war, it could very well be the straw that breaks America's back.

42   Huntington Moneyworth III, Esq   2011 Dec 1, 4:06am  

The Iraq Cripple Factory is closing and I will miss the constant influx of the freakishly limbless underclass to this great country. I like shout out to those legless Stumpies to "step it up, you slow bastards" as my limo drives by the veterans cripple hospital.

I'm not worried about a reduction in my daily dose of comedy though as the Persian Scheme is in full swing. Did you know some of these wretches shit into a bag on their stomach now? That's fucking hilarious!

43   American in Japan   2012 Feb 7, 8:11am  

A touch of irony, is that a high % of people who supported this costly intervention (at least for the first few years), are against some of the taxes needed to pay for it. Who was it that there should be an immediate war tax everytime the US goes to war...

44   American in Japan   2012 May 5, 5:07pm  

I wonder what percent of Americans at this point say that the Iraq War was a major waste ? (of lives /of money)

45   freak80   2012 May 7, 4:54am  

Our whole foreign policy has been a complete joke since the end of WW2. A cruel joke, but a joke nonetheless.

46   American in Japan   2012 May 15, 4:03pm  

I wonder who still feels that this Iraq War/Occupation was worth the cost. A breakdown by gender, income. etc.

I know Halliburton employees are delighted and feel it was well worth the cost (to American taxpayers).

47   HEY YOU   2012 Aug 15, 5:06pm  

I contacted both my Stupid Republican Senators several times & let them know that I was not in favor of military action in Iraq. They voted for military action.

The Bush & Republican Lie of WMD was a Lie then & is still a Lie today. Hindsight does not change the Lie. Many were stupid enough to believe the Lie. But everything is OK since we made so many friends.

48   American in Japan   2012 Aug 25, 8:21pm  

@Hey You

At least you made the effort.

"...everything is OK since we made so many friends."
Yeah, heaps and heaps.

On Patrick.net even the conservatives generally agree that this war was a disaster...

49   American in Japan   2012 Aug 26, 5:56pm  

Pinky explains it here:

http://www.youtube.com/embed/1Khut8xbXK8&feature=relmfu

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