Washington, Sep 22 (UNI) The Iraq war is costing the United States 720 million dollars per day or 500,000 dollars per minute, says an analysis by a group.
The group--American Friends Service Committee--made the estimate and opposes the war. The estimate includes the immediate costs of the war as well as the ongoing factors such as long-term health care for veterans, interest on debt and replacement of military hardware.
Quoted by the Washington Post, the analysis breaks down the figure of 720 million dollars into 280 million dollars a day from Iraq war supplementary funding bills passed by Congress, plus 440 million dollars daily in incurred, but unpaid, long-term costs.
The money spent on one day of the Iraq war could buy homes for almost 6,500 families or health care for 423,529 children, or could outfit 1.27 million homes with renewable electricity, according to the Committee, which displayed those statistics on large banners in cities nationwide on Thursday and Friday.