Statistics on the Cost of War in Iraq
from National Priorities Project - http://www.nationalpriorities.org/
January 2005
Volume 41, Number 1
The Numbers
Cost of the Military For District Of Columbia
Cost of the Military
$724,771,824
Cost of Nuclear Weapons
$30,711,722
Cost of War in Iraq
$229,392,237
Defense Contracts
$1,906,238,976
MILITARY SPENDING IN USA:
o Military spending consumes 26 cents out of every individual income tax dollar.
o Military spending makes up about 20% of total federal spending in the world
o The United States is the world's biggest military spender, accounting for over 40% of world military spending
o A recent Congressional Budget Office study predicts the costs of the military will continue to increase well into the future
o President Bush's FY2005 budget increases military pending (not including spending in Iraq and Afghanistan) by $421 billion
o Current Pentagon plans will bring defense spending to levels higher than at any time since World War II
o In the FY2005 Budget, military spending accounts for 56% of total federal spending
STATE BREAKDOWN OF COST OF PRESIDENT BUSH'S FY2005 BUDGET:
DC:
The District of Columbia will lose federal funding for many programs:
o $11,831,167 in funds for Housing Assistance
o $503,262 in funds for Title I Education Assistance
o $252,850 in funds for Community Development
o Average taxpayers in DC would have to pay $2,111 to fix the budget deficit if the federal budget were to be balanced today
MD:
Maryland will lose an estimated $455.4 million in federal funding:
o $59,347,704 in funds for Housing Assistance
o $12,245,684 in funds for Title I Education Assistance
o $2,153,508 in funds for Community Development
o Average taxpayer in Maryland would have to pay $3,002 to fix the budget deficit if the federal budget were to be balanced today
VA:
Virginia will lose an estimated $529.9 million in federal funding:
o $48,676,312 in funds for Housing Assistance
o $15,388,392 in funds for Title I Education Assistance
o $2,631,264 in funds for Community Development
o Average taxpayer in Virginia would have to pay $3,173 to fix the budget deficit if the federal budget were to be balanced today
STATE BREAKDOWNS OF FINANCIAL COST OF WAR IN IRAQ:
(based on contribution of each state's residents to total tax collection)
DC:
o Residents have paid $694,460,772 so far for the War in Iraq
o 26,800 workers in Washington, DC are currently unemployed (from Bureau of Labor Statistics, seasonally adjusted, November 2004-provisional)
MD:
o Residents have paid $2,990,726,051 so far for the War in Iraq
o 116,100 workers in Maryland are currently unemployed
o Maryland is 47,000 jobs short of the number of jobs needed to keep up with the growth of the working-age population
o Bankruptcy in Maryland grew by 14% between fiscal years 2000 and 2003
VA:
o Residents have paid $4,304,558,046 so far for the War in Iraq
o 127,900 workers in Virginia are currently unemployed (BLS - November 2004)
o Virginia is 118,000 jobs short of the number of jobs needed to keep up with the growth of the working-age population
o Bankruptcy in Virginia grew by 18% between fiscal years 2000 and 2003
STATE BREAKDOWN OF HUMAN COST OF WAR IN IRAQ:
(based on State Department counts as of December 30, 2004)
DC:
o 3 soldiers from DC have been killed in Iraq so far
o 7 soldiers from DC have been wounded in Iraq so far
o 188 National Guardsmen and Reservists from DC are currently serving in Iraq
MD:
o 20 soldiers from Maryland have been killed in Iraq so far
o 137 soldiers from Maryland have been wounded in Iraq so far
o 1,328 Guardsmen and Reservists from Maryland are currently serving in Iraq
VA:
o 39 soldiers from Virginia have been killed in Iraq so far
o 220 soldiers from Virginia have been wounded in Iraq so far
o 3,227 National Guardsmen and Reservists from Virginia are currently serving in Iraq
