Wrights 2012: ‘The true cost of war is more than a trillion dollars’

From Wrights 2012 staff at Liberty For All:

“The most successful war seldom pays for its losses.”

– Thomas Jefferson

The cost of the wars in Iraq and Afghanistan has surpassed one trillion dollars, according to the Congressional Budget Office. While this figure is staggering, a Libertarian presidential hopeful said that the real cost of these conflicts to our economy and our liberty is even more staggering.

“One trillion dollars is an almost incomprehensible number, but what is even more incomprehensible is the fact that most of that cost is borrowed money,” said R. Lee Wrights, former Libertarian Party national vice chair and the editor and co-founder of Liberty for All online magazine.

“The federal government borrows about 43 cents of every dollar it spends, and then uses it to build schools, roads and hospitals in countries where we’re partly responsible for destroying that infrastructure,” he said. “That’s not only insane, it’s immoral.”

Wrights said that he is considering seeking the presidential nomination because he believes the Libertarian message in 2012 should be a loud and unequivocal call to stop all war.

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6 thoughts on “Wrights 2012: ‘The true cost of war is more than a trillion dollars’

  1. Robert Capozzi

    lw makes a good point. Deficit spending incrementally adds to the debt service. How that shakes out in a dollar figure is challenging, since the wars are not the ONLY deficit spending. Coming up with a proportion of deficit spending requires some major assumptions. And interest rates fluctuate a lot, so projections about what the full costs of the wars will be would be dubious.

    North of $1T works reasonably well, both analytically and rhetorically, IMO.

  2. Mike Bowman

    How do we measure the costs in loss of life? What about now that the troops are headed home, what work will they find…. jobs lost, reduction in armed services maning will cause unemployment figures to rise. How about we put them on the border, locked and loaded against the war on immigration/drugs/human smuggling. Could put more Americans back to work and paying taxes = reduction of unemployment expenses. Makes to much sense for that to happen!

  3. paulie Post author

    How about we legalize drugs and immigration, thus expanding the economy will cutting taxes and allowing ex-military and other former government employees to find voluntarily financed jobs? Makes a lot more sense to me.

  4. John Jay Myers

    I do not believe that bringing all of our troops home now would create unemployment. Probably quite the opposite.

    To believe that bringing all the troops home would harm the economy, you would have to believe that an economy runs best that has no people in it.

    Bringing home some of our most able Americans who are then able to buy products, rent houses, eat at restaurants…etc would be a boom to the economy.

    Especially when paired with the fact that you are no longer being taxed or put in debt to pay for their service over seas, or creating the inflation that goes along with printing money out of thin air.

  5. Steven R Linnabary

    Mike, have no fear…the troops are NOT coming home!

    Other than the troops in the choreographed, staged photo op in the convoy to Kuwait, the troops are staying.

    You have to parse the words very carefully. Only “combat” troops are no longer in Iraq. Of course, the troops have been reclassified as “counter-insurgency” troops!

    And that doesn’t include the “private security contractors” (otherwise known as mercenaries) that are increasing in number.

    PEACE

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