The Cost of War: $500K per Minute

Few Americans could give you any idea of the amount of money that is being spent on the war in Iraq.  When numbers get this large, it’s really difficult to keep things in perspective.  ThinkProgress reports:

$500,000: Amount the war in Iraq costs per minute, according to a new analysis by Nobel Prize-winning economist Joseph Stiglitz and Harvard’s Linda Bilmes, put out by the American Friends Service Committee. The study finds that this $720 million a day could buy homes for 6,500 families or health care for 423,529 children

More details are in The Cost of War.  The site mentions some interesting statistics.  For example, “One Day of the Iraq War = 34,904 Four-Year Scholarships for University Students”.  Some more statistics:

The estimated cost of the first four years of the Iraq War is $1 trillion.

For what we have spent for just ONE DAY of the Iraq War, we could have funded:

  • 95,364 Head Start Places for Children or
  • 12,478 Elementary School Teachers or
  • 163,525 People with Health Care or
  • 34,904 Four Year College Scholarships or
  • 6,482 Families with Homes

The site asks a great question: How would you spend that much money?  Sadly, those that would attack a country unprovoked and with no evidence whatsoever are running this country.  And, people re-elected this guy.  Earlier today, I read that the cost of a F22 fighter plan is roughly $230 million.  Isn’t that the same amount that the Bush Administration cut from healthcare and education in a single act last year? 

This stuff is really hard to stomach.  It does provide some explanation for American spending (and “saving”) habits: They’re just taking a cue from our government.

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1 Comment

  1. September 23, 2007 at 8:02 pm

    […] Found here. […]


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