The price tag of US President Donald Trump’s illegal war on Iran is on track to surpass $25 billion by the end of this week as more American troops head to the Middle East, signaling a protracted conflict and possible ground invasion that would explode the war’s already massive financial and human costs.
The latest estimate of the dollar cost of the Iran assault to US taxpayers, who are also facing significantly higher prices at the pump because of the war, comes from the Center for American Progress (CAP). The liberal think tank noted Tuesday that, based on a combination of official figures from the Pentagon and outside estimates, “the Iran war’s cost has likely surpassed $20 billion already and will likely surpass $25 billion by the end of this week.”
CAP found that $25 billion would be enough to provide Medicaid coverage to around 3.1 million people for a year, or fund free school lunches for more than 29 million children for a full school year.
“While the cost of the war is funded through the Pentagon’s budget, and that money could not have been legally spent on domestic social programs, the spending nonetheless reflects a choice both Congress and the president made in allocating the country’s limited resources,” wrote Bobby Kogan, CAP’s senior director for federal budget policy. “This trade-off is particularly salient as Congress considers the president’s upcoming request.”
“Before Congress chooses to provide $200 billion in new funding for the US Department of Defense,” Kogan added, “it should seriously consider other ways that funding could be used, including improving people’s lives.”
“One of the officials lamented that Americans would be paying off the war for generations.”
The updated price tag came amid reports that the Pentagon approved a deployment of around 2,000 elite Army soldiers to the Middle East, heightening concerns that the Trump administration is preparing for a deeply unpopular ground invasion of Iran even as the president publicly declares victory.
Experts believe the true financial cost of the Iran war is likely much higher than what publicly available estimates indicate so far.
The Intercept’s Nick Turse reported last week that the Trump administration is “drastically undercounting the price tag of the US war with Iran, peddling fragmentary estimates that offer Americans a skewed understanding of the costs.”
Citing analysts, lawmakers, and unnamed US officials briefed on Iran operations, Turse reported that “the war is burning through between $1 billion and $2 billion per day—or roughly $11,500 to $23,000 per second.”
“The cost, the officials told The Intercept, could rise to a quarter trillion dollars or more over the coming months,” Turse added. “Even that is a drop in the bucket compared to the long-term expenses, which could cost the US trillions of dollars in the decades to come. One of the officials lamented that Americans would be paying off the war for generations.”
From Common Dreams via This RSS Feed.