The Iraq war commenced in 2002 with the United States of America ousting the Saddam Hussein led Iraqi regime finally. But the mounting cost of war in Iraq all these years of war are still a weight on the minds of the economists and the taxpayers alike. A war can be really draining on the resources of the nation. Some optimists hold out the argument that the war is good for the economy. But this is far from true.
The funds we generally use during peace time to provide food, construct homes, manufacture appliances waste away in a fruitless war. The more time it takes to end, more the erosion of a base of a nation. Resources that could have been channeled in inventing and developing new technologies are turned on to bear the economic brunt of war. President Bush never realized that the cost of war in Iraq shall extract so much in terms of the human as well as the monetary costs. The general estimates of the historians are that the war has extracted 15 to 20 per cent of the total military spending of America.
The human cost of war in Iraq has also been appalling. It has been estimated that about 40,000 US soldiers were killed in the fierce combat. The missiles and air combats were also an extra add on. On an average, 30,000 US soldiers have been wounded since 2003.
Death of so many soldiers is a great loss for America, a country that cherishes its citizens. The costs for the specialized care of the wounded soldiers also incurred considerable expenditure in the form of procuring and transporting the medical teams and costly surgical equipments. The exact cost has been reported to have exceeded two trillion dollars.
The cost of war in Iraq would have been very meager if instead of going directly to the war; alternative strategies in order to cut down the costs would have been formulated. It is world known that the weapons of mass destruction (believed to have been hid by Saddam Hussein) were the chief factor behind the initiative of war by the United States. But after the war was over, still the United Nations inspectors were not able to find the actual weapons but only the future potential. So, a simple pressure could have been created by deploying half of the soldiers that went to Iraq on war, as a deterrent to spy on the activities there.
The cost of war in Iraq, however, had some benefits of deterrence as well if the economic costs are not taken into the consideration. It is not much widely known that the war actually forced countries like Libya to make open its nuclear secrets for the first time ever, fearing retaliation by the United States of America. So, at least the destruction of the polity and economy of Iraq served as a good example for the Middle World countries that were going berserk testing nuclear, chemical and even the biological weapons in future. Libya actually surrendered its arsenal of the weapons of mass destruction as well as all the well researched nuclear programs and the future plans.