Costs of Obama's New War in Iraq and Syria Set to Explode, say Analysts

The U.S. government’s new war in Iraq that now also includes Syria has already cost American taxpayers between $780 and $930 million, and could amount to over $1 billion a month if U.S. efforts intensify on the scale demanded by war hawks in Congress, according to a think tank analysis published this week.

According to the Center for Strategic and Budgetary Assessments:

On an annual basis, CSBA estimates, the U.S. military’s operation against the Islamic State in Iraq and Syria (or ISIS) could cost as much as $22 billion dollars a year.

The Pentagon is currently funding the attack through a controversial war fund, dubbed the Overseas Contingency Operations account, which is exempt from federal budget caps. The fund was originally created to fund the previous wars in Iraq and Afghanistan though defense officials say it will likely be around for the “long-term.”

CSBA notes that the range in estimates highlights “the high degree of uncertainty involved in current operations.” One source of uncertainty, the group writes, “are the desired end states in both Iraq and Syria—i.e. what the United States would like to leave in place if and when ISIL is destroyed.”

The National Priorities Project (NPP) last month issued an estimate that the military action against ISIS had already cost U.S. taxpayers $312,500 per hour and, according to their running tally, has cost over $804 million.

In a statement issued following President Obama’s announcement of the escalated bombing campaign, NPP wrote that U.S. leadership would be wise to “look to our past involvement in the region” before plunging American taxpayers into another costly and endless war.

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