Saturday, November 17, 2007

Tyler Cowen gives advice to President Bush

Mr. President, when the war started, I was convinced by your arguments that we had to stop Iraq's dictatorship from getting the bomb. No longer. Let's look at some of the opportunity costs the United States has incurred so far:

1. We still haven't secured our ports against nuclear terrorism. The $1 trillion we've probably spent on the war could have funded the annual budget of the Department of Homeland Security 28 times over.

2. The human toll of the war is dreadful: more than 3,800 U.S. soldiers dead and more than 28,000 wounded, plus more than 1,000 private contractors killed and many more injured. It's harder to know how many Iraqis have died; some estimates claim that the war has caused a million or more Iraqi deaths, and even if that's an overstatement, the toll is still very high. But it's not just the lives that are gone; we've also lost the contributions that these people would have made to their families and to humanity at large.

3. Another major hidden cost: Many of the wounded have severe brain injuries or other traumas and will never return to "normal" life. Furthermore, Washington will find it far harder to recruit and retain quality troops and National Guardsmen in the future.

4. Don't forget the small statistics, which are often the most striking. According to John Pike, the head of the research group, an estimated 250,000 bullets have been fired for every insurgent killed in Iraq. That's not just a waste of ammunition; it's also a reflection of how badly the country has been damaged and how indiscriminate some of the fighting has been. Or take another straw in the wind: The cost of a coffin in Baghdad has risen to $50-75, up from just $5-10 before the war, according to the Nation magazine.

5. Above all, governing Iraq has, so far, been a fruitless investment. According to 2006 figures, U.S. war spending came out to $3,749 per Iraqi -- almost as much as the per capita income of Egypt. That staggering sum hasn't bought a lot of leadership from Iraq, or much of a democratic model for its Arab neighbors.

-What Does Iraq Cost? Even More Than You Think.

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