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Thursday, March 22, 2007

Cost of War, The GOP's 'Unfunded Liability': Update II

I've added some new figures to the Cost of War tally, for those with a strong stomach.

Details:

  • Interest is added, but only applies to appropriated costs (not expected medical and disability, etc.). While the appropriated costs are highly accurate, how they were financed is a gross estimation.
  • The UK costs are taken from the link provided below.
  • VA incremental upgrade costs represent just a guess, based on doubling the current 5-year capital plan.
  • The oil price impact is based on 33% of the premium over a refiner's acquisition cost of $25, a conservative percentage of the premium that might be attributable to global uncertainty and the marginal loss of Iraqi oil output on the world market. [no estimate of the knock-on effects of oil price changes, yet.]

Adding up all the US costs comes to 2.26 Trillion or a whopping $7,740 per capita 2.5 Trillion and $8,800 per capita. I will eventually create a couple subtotals, so that projected items, like interest on debt other than the current portion, are segregated. [update: the table has been restructured]