Charles Pillsbury III

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Cost of Iraq

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Whatever your view on the war in Iraq, this is an interesting look at what other ventures we could’ve done for the same amount of money (colonize mars, nuclear power for the whole US, etc):

The direct cost to the US government of the war and occupation of Iraq — counting only funds appropriated by Congress — so far runs to roughly $523Bn.

However, that’s the direct cost — money directly spent on the project. There are indirect costs, too: Joseph Stiglitz estimates the true cost of the war to be $3Tn to the United States, and $3Tn to the rest of the global economy. These are indirect costs, and factor in the long-term additional expenses that the war has accrued — everything from caring for brain-damaged soldiers for the next 50 years through to loss of economic productivity attributable to instabilities in the supply of oil from Iraq.

We can tap-dance around the indirect costs, but the direct costs (that headline figure of $523Bn) are inarguable.

So. What fun boondoggles could we have bought with either $523Bn (at the low end) or $6Tn (at the high end)?

NASA have plans for a manned Mars expedition based on the Ares spacecraft they’re developing as a replacement for the Space Shuttle. Price estimates vary from $20Bn (presumably for a single round-trip) to $450Bn (presumably for a single round trip plus all the externalities, like developing the spacecraft and equipment and conducting a thorough prior reconnaissance using unmanned landers).

[From Charlie's Diary: Alternative boondoggles]


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May 30th, 2008 at 10:34 pm

Posted in Misc

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