I just saw a video that lays out the staggering cost of the war in IRAQ. According to the video, the US Govt. may spend as much as $3 Trillion for the war in IRAQ. VIDEO LINK
I never imagined that we would reach the Trillion $ mark (Donald Rumsfeld originally estimated that the war would cost $60 Billion or so).
As I often write about causes on this blog, I was wondering what we could fund with $3 Trillion…
We could relieve the entire debt burden of Africa (currently estimated at $300 Billion, depending on the source).
We could also make a significant dent in climate change (practically buying the entire Amazon + other key “earth lung” regions).
We could fight world poverty in a BIG way & think about all the money we could spend on fighting cancer/AIDS, etc…!
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One Comment
Given the price of oil at the start of the Iraq war. How much of Iraq’s supply could the US have purchased for 3-trillion?
In March 2003, the start of the war, oil was just under 33$ a barrel. So 3 trillion = 30,769,230,769 barrels. (Iraq’s total reserve is proven to be around 112 billion) So that would have been about 26% of Iraq’s total potential.
US oil consumption is in the neighbourhood of 19.6 million barrels per day. So that 3 trillion would have bought around 1,570 days worth of oil, or 4.3 years.
Just something else to think about. Of course, who knows what Saddam Hussein would have done with an extra 3 trillion in his pocket.