Invasion of Iraq – A terrible price in blood and treasure (The Independent)

..And it is estimated that the total cost of US military operations in Iraq could exceed $1trillion by the time Mr Bush leaves office in 2009. Such figures need some context. A study by Washington’s non-partisan Center for Strategic and Budgetary Assessments calculated last month that, in today’s terms, the first Gulf War cost $88bn, the Korean War $456bn and the Vietnam conflict $518bn. Iraq is on course to cost twice as much as Vietnam.

What has been gained for this financial outlay? Not much. Iraq is a state on the brink of implosion. The Middle East region is in turmoil. The threat posed to the West by Islamist terror groups has been heightened. The international reputation of the US and Britain has been gravely compromised…

Invasion of Iraq – A terrible price in blood and treasure (The Independent)

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