Now that the war in Iraq is officially over (as a practical matter it’s been over for two years) Randall Hoven summarizes its financial cost:
All told, the war in Iraq cost $709 billion, including foreign aid and training of local forces. That’s according to the Congressional Budget Office (p. 15). If you include the rest of the Global War on Terror (mostly Afghanistan), it brings the total to $1.1 trillion through 2010. That’s a lot of money to be sure, but despite what some on the left have said, it’s nothing compared to our gaping fiscal hole.
POSTSCRIPT: In fact, it’s worth recalling that for the last few years we’ve been spending more on stimulus boondoggles than on the war: