It Will Take 100 Years to Pay Off the Iraq War

[drivebymedia]

If history is any judge, the U.S. government will be paying for the Iraq and Afghanistan wars for the next century as service members and their families grapple with the sacrifices of combat.

An Associated Press analysis of federal payment records found that the government is still making monthly payments to relatives of Civil War veterans — 148 years after the conflict ended.



AP: Costs of US Wars Linger for Over 100 Years - ABC News

 

[CrusaderFrank]

Not to worry, we'll pay for it by the saving from winding down the "War on Poverty"

 

[drivebymedia]

Cheney said Iraq oil would pay for the war.

Will it take 100 years to pay down the $6 trillion Iraq cost?

Guess so ...

 

[Samson]

Cheney said Iraq oil would pay for the war.

Will it take 100 years to pay down the $6 trillion Iraq cost?

Guess so ...

Cheney said What? When? Where?

 

[CrusaderFrank]

Cheney said Iraq oil would pay for the war.

Will it take 100 years to pay down the $6 trillion Iraq cost?

Guess so ...

Cheney said What? When? Where?

Hitler is a right winger

FDR's New Deal ended the Great Depression and saved capitalism

Joe McCarthy's HUAC started a Red Scare and Blacklisted innocent Hollywood writers

 

[bripat9643]

Cheney said Iraq oil would pay for the war.

Will it take 100 years to pay down the $6 trillion Iraq cost?

Guess so ...

Then it should take 200 years to pay for Obama's "stimulus," and the bill for Obamacare will never be paid off.

 

[tinydancer]

Cheney said Iraq oil would pay for the war.

Will it take 100 years to pay down the $6 trillion Iraq cost?

Guess so ...

Link?

 

[FireFly]

The war dropped oil prices by 1/3rd. Over the 8 year war period that likely saved us triple the cost of the war. As soon as we pulled our troops out of Iraq on December 31, 2011 gas prices shot up 25%.

When we invaded Iraq oil price dropped 33%. That 33% drop in price times our USA annual 7.6 billion barrel oil consumption saved us $366 billion a year. Over the 8 years of the Iraq war that total oil savings is $2.9 trillion. So take out the ~$1 trillion cost of the Iraq war & we may be $1.9 trillion in the black.

Oil prices crashed 33% from $40 down to $27 after we invaded Iraq in March 2003.

As soon as we pulled our troops out of Iraq on December 31, 2011 gas prices shot up 25%.

 

[aaronleland]

Cheney said Iraq oil would pay for the war.

Will it take 100 years to pay down the $6 trillion Iraq cost?

Guess so ...

Cheney said What? When? Where?

I believe he was talking mainly about the rebuilding of Iraq, but I don't think he meant the whole cost would be covered. He pretty much said he didn't know how much the war would cost, but to soften the blow claimed Iraqi oil would cover part of it.

MR. RUSSERT: Every analysis said this war itself would cost about $80 billion, recovery of Baghdad, perhaps of Iraq, about $10 billion per year. We should expect as American citizens that this would cost at least $100 billion for a two-year involvement.

VICE PRES. CHENEY: I can’t say that, Tim. There are estimates out there. It’s important, though, to recognize that we’ve got a different set of circumstances than we’ve had in Afghanistan. In Afghanistan you’ve got a nation without significant resources. In Iraq you’ve got a nation that’s got the second-largest oil reserves in the world, second only to Saudi Arabia. It will generate billions of dollars a year in cash flow if they get back to their production of roughly three million barrels of oil a day, in the relatively near future. And that flow of resources, obviously, belongs to the Iraqi people, needs to be put to use by the Iraqi people for the Iraqi people and that will be one of our major objectives.

https://www.mtholyoke.edu/acad/intrel/bush/cheneymeetthepress.htm

 

[Avatar4321]

Let's be honest here. As long as progressives control the purse strings, nothing our government spends money on will ever be paid off.

That's the problem when you support ever expanding government and oppose any efforts to do that radical concept of living within our means.

 

[Mr. H.]

With Obama's printing presses pumping millions of dollars into the economy each week, we'll have that puppy paid down in no time.

 

[Borillar]

Let's be honest here. As long as progressives control the purse strings, nothing our government spends money on will ever be paid off.

That's the problem when you support ever expanding government and oppose any efforts to do that radical concept of living within our means.

Ever expanding government like the DHS and TSA? Oh wait... that was conservatives expanding the government.

 

[Avatar4321]

Let's be honest here. As long as progressives control the purse strings, nothing our government spends money on will ever be paid off.

That's the problem when you support ever expanding government and oppose any efforts to do that radical concept of living within our means.

Ever expanding government like the DHS and TSA? Oh wait... that was conservatives expanding the government.

No. It was progressive Republicans.

 

[Darkwind]

The war dropped oil prices by 1/3rd. Over the 8 year war period that likely saved us triple the cost of the war. As soon as we pulled our troops out of Iraq on December 31, 2011 gas prices shot up 25%.

When we invaded Iraq oil price dropped 33%. That 33% drop in price times our USA annual 7.6 billion barrel oil consumption saved us $366 billion a year. Over the 8 years of the Iraq war that total oil savings is $2.9 trillion. So take out the ~$1 trillion cost of the Iraq war & we may be $1.9 trillion in the black.

Oil prices crashed 33% from $40 down to $27 after we invaded Iraq in March 2003.

As soon as we pulled our troops out of Iraq on December 31, 2011 gas prices shot up 25%.

Oh Snap!

With English on that backhand....nicely done.

 

[Mr. H.]

The war dropped oil prices by 1/3rd. Over the 8 year war period that likely saved us triple the cost of the war. As soon as we pulled our troops out of Iraq on December 31, 2011 gas prices shot up 25%.

When we invaded Iraq oil price dropped 33%. That 33% drop in price times our USA annual 7.6 billion barrel oil consumption saved us $366 billion a year. Over the 8 years of the Iraq war that total oil savings is $2.9 trillion. So take out the ~$1 trillion cost of the Iraq war & we may be $1.9 trillion in the black.

Oil prices crashed 33% from $40 down to $27 after we invaded Iraq in March 2003.

As soon as we pulled our troops out of Iraq on December 31, 2011 gas prices shot up 25%.

Oh Snap!

With English on that backhand....nicely done.

Hocky fan?

 

[C_Clayton_Jones]

It Will Take 100 Years to Pay Off the Iraq War

For thousands of American families who lost loved ones as a consequence of this failed and illegal war, the ‘debt’ will never be ‘paid off.’

 

[Mr. H.]

Is this thread a commentary on the Iraq war or a treatise on the ineptitude of Obama and his administration?

 

[Avatar4321]

It Will Take 100 Years to Pay Off the Iraq War

For thousands of American families who lost loved ones as a consequence of this failed and illegal war, the ‘debt’ will never be ‘paid off.’

There was nothing illegal about the war. And considering it did exactly what was expected and deposed Saddam Hussein and allowed the people to set up their own government, Im not sure how you claim it failed either.

 

[Billo_Really]

And what did the American taxpayer get in return for shelling out $6 trillion dollars?

NOTHING!

We didn't get shit! We paid out $6 trillion dollars and got nothing in return.

 

[Avatar4321]

And what did the American taxpayer get in return for shelling out $6 trillion dollars?

NOTHING!

We didn't get shit! We paid out $6 trillion dollars and got nothing in return.

alot of government.