Iraq war cost how much

Meanwhile, about 4. But that budget may already be blown. Earlier this month, the U. Project co-director Neta C. Crawford, professor and chair of political science at Boston University, explains the major implications of the Iraq War for the federal budget. By Neta C. The report also examined the burden on U. The study found U. The report concluded the United States gained little from the war while Iraq was traumatized by it. Former President George W. Supporters of the war argued that intelligence available at the time concluded Iraq held the banned weapons and noted that even some countries that opposed the invasion agreed with the assessment.

The current wars have been paid for almost entirely by borrowing. This borrowing has raised the US budget deficit, increased the national debt, and had other macroeconomic effects, such as raising consumer interest rates. Unless the US immediately repays the money borrowed for war, there will also be future interest payments.