The NY Times
Saturday compared the cost of America's wars, and concluded the combined
Iraq/Afghanistan campaigns against fascist Islam are the second most
expensive in history. Daniel Halper (Weekly Standard) puts things in perspective.
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But
the real story is in the chart, not the accompanying article. The
actual cost of the war in Afghanistan and Iraq is extraordinarily low,
when seen as a percentage of GDP. Whereas World War II constituted 35.8
percent of GDP spending, and whereas World War I made up 13.6 percent
of GDP spending, the current wars in Afghanistan and Iraq (or what the
Times calls "Afghanistan/Iraq/post-9/11) made up only 1.2 percent of
GDP in 2008. The chart helpfully compares this to other wars: It falls
in between the Mexican War (1847) and the Spanish-American War (1899).
Now, in these comparative terms, it seems that spending for these wars
is not nearly high enough, considering the enormous consequences of
defeat in either Iraq or Afghanistan.
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