In 2003, the Secretary of Defense, Donald Rumsfeld estimated that the war with Iraq would cost $60 Billion, Five years later the cost of Iraq War is 10 times more than that figure. By the time US leaves Iraq the estimated cost of war would be $3 Trillions
Here is the Three Trillion Dollar war in Ten Steps:
1. Operational Cost
2. Additional Expenditure
3. Inflation
4. Operation and Peace keeping cost
5. Health care
6. Restoring the military
7. Social Security
8. Interest
9. Lost Economic Output
10. MacroEconomic Impact
