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The goal of this report will be to bring awareness of the various economic costs of the Iraq War. The war which has continued for far longer than anyone expected has seen recent estimates of costs to accumulate to roughly a trillion dollars. That amount is staggering considering former director of the White House Economic Council Lawrence Lindsey stunned the Bush Administration in 2002 when Lindsey suggested the war would cost between $100 and $200 billion.
The report will focus on the economic costs associated with the U.S. budget and how it is set aside for Department of Defense spending, the costs to Iraq and the environment, and the cost of human life loss and post-war lives of veterans. Our findings and research based on several previous reports contain some estimates and require several assumptions when we try to monetize the values of human life and other indirect costs related to the war.