That's today's headline on
CNN.com. The article goes on to say that:
- In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the "burn" rate of its earliest years
- By 2017, it is projected to cost the U.S. budget between $1.7 trillion and $2.7 trillion
- Interest on money borrowed to pay those costs could alone add $816 billion to that bottom line
- These numbers don't include the war's cost to the rest of the world
- Estimating all economic and social costs might push the U.S. war bill up toward $5 trillion by 2017
- These calculations are conservative and don't encompass many "hidden" items in the U.S. budget
And so on . . .
Check my math because I'm not great at these things but, assuming out of the 300M people in the U.S. that 80% are footing the bill for this through their taxes (i.e., 240M), does that mean that each person is spending roughly $50/month today (or $600/year)
and that figure will rise to over $11K annually per capita in a decade (in today's dollars)? Please point out my error and tell me that I'm wrong.
Is this a good reason to strive to earn more so that the hit to my wallet doesn't seem that gigantic or a stronger incentive to earn significantly less (i.e., live off the government and lower my taxes) so that I don't have to personally fund this colossal nightmare?