Recent estimates suggest that the dollar cost of the Iraq War and Occupation will be over two trillion dollars. The horrible irony is that, had Bush not fought this war--or very quickly declared democracy and 'cut and run'--the amount of money Bush would have added to the federal debt would have been substantially smaller (the debt would have increased, however). In other words, his stupid war/occupation undercut his stupid ecconomic policies. Maybe that's why conservatives are jumping ship...
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My reading of the project for a new american century
http://en.wikipedia.org/wiki/Project_for_a_New_American_Century
is that we plan to borrow this money, but don't intend to pay it back. The plan seems to be to have such a dominant military position, that the debtor nations will be afraid to ask for payback!