The economic costs of the wars in Iraq and Afghanistan are estimated to total $1.6 trillion -- roughly double the amount the White House has requested thus far.
The $1.6 trillion figure, for the period from 2002 to 2008, translates into a cost of $20,900 for a family of four, the report said. The Bush administration has requested $804 billion for the Iraq and Afghanistan wars combined, the report stated.
Future economic costs would be even greater. The report estimated that both wars would cost $3.5 trillion between 2003 and 2017. Under that scenario, it would cost a family of four $46,400.
This report factors in "hidden costs" like future health care for veterans, and interest on the loans we take out to pay for the war.
You hopefully would ask: If it costs $1.6 trillion and the President has only requested $804 billion, then who is paying for this? If it ends up costing us $3.5 trillion, where will we get the money?
With interest, of course.
Your CHILDREN'S tax dollars at work.