The Congressional Budget Office estimates that the Global War on Terror (at least the parts in Iraq and Afghanistan) will only cost each American $8,000 through 2017. I'm amazed that it's going to be so cheap, and the number demonstrates that complaints about the war's cost are completely baseless.
The money includes $604 billion already spent on the conflicts, CBO Director Peter Orszag told the House Budget Committee. It also includes over $400 for interest payments, as the operations have relied heavily on borrowed funds.
The figure would keep 75,000 troops deployed in Iraq and Afghanistan from 2013 to 2017, just over a third of current deployment. The CBO estimates that reducing troop levels to 30,000 by 2010 would save $485 billion.
The figures include military operations, diplomatic operations, veterans' medical care and survivor benefits, among other costs. They do not include the Pentagon's normal spending, estimated at $450 billion for 2007.
Considering the yearly major terrorist attacks on American interests throughout the 1980s and 1990s, the Global War on Terror is an incredible bargain! Correct me if I'm wrong, but we haven't had a major terror attack against America since 9/11, which is the longest streak since Jimmy Carter gave Iran to the Islamofascists.
Of course, the heaviest price we're paying is measured in lives. The troops on the ground are risking and sacrificing a lot more than $533 per year, and we should all be grateful to them for it.