In a post today at The National Interest Paul R. Pillar, author of the new book Intelligence and U.S. Foreign Policy: Iraq, 9/11, and Misguided Reform, discusses the true cost of the Iraq war for the United States. In his post Pillar argues that:
The single largest contributor to the ballooning of the national debt over the past decade has not been handled with such honesty. The Iraq War, besides also representing the single biggest self-inflicted wound to U.S. national security during the same period, was also the biggest act of fiscal recklessness—reckless in the sense both of the sheer cost of the enterprise and of the failure to make any provision to pay for it, other than going deeper into debt. The George W. Bush administration was the only one in U.S. history to launch a war while cutting taxes. The direct costs of the Iraq War so far are approaching $800 billion. That alone would be over half of what the super committee is charged with finding in savings. Significant additional direct costs, such as long-term care for wounded veterans, will continue even if U.S. troops are out of Iraq at the end of this year, not to mention interest payments on the money borrowed to fund the war. If one figures in all the indirect economic and financial costs of the war, such as the impact on the price of oil, the total cost of the Iraq War to the United States is likely far higher. The dishonest approach to funding was compounded by the repeated use of supplemental war appropriations separate from the rest of the Defense Department budget, as if somehow the war costs did not count in determining how much the United States is spending on its military.
and goes on to discuss the concept of a war tax.