Last week the Watson Institute for International Studies at Brown University released a new set of estimates. The numbers are summarized on the web site of the institute’s Cost of War project and detailed in a paper by Professor Neta C. Crawford. The institute’s estimate of the total cost of the two wars now comes to just under $4 trillion.
It wasn’t supposed to cost so much
The wars were not supposed to cost so much. As the administration of President George W. Bush was building a case for the Iraq war in 2002, with some 5,000 American troops already deployed in Afghanistan, the question of cost naturally came up. In September of that year, Lawrence B. Lindsey, then Chairman of the President’s Council of Economic Advisers, estimated that a new Iraq war would cost $100 billion, maybe $200 billion at a maximum (Read more)