Stephen Semler, a contributor to the Costs of War project at Brown University and a co-founder of the Security Policy Reform Institute, a think tank that works to have U.S. foreign policy better serve working-class interests, released an analysis Wednesday that estimates that the war has cost $103.3 billion through the first 120 days, up until late June.
Semler based his estimate on costs directly associated with the war, “including operations, personnel, and matériel.”
The estimate – which Semler notes is “larger than all but three countries’ military budgets” – breaks down as follows:
Military operations: $28.5 billion;
Weapons used: $46.7 billion;
Destroyed or damaged assets: $20.3 billion;
Costs to non-military agencies: $4.8 billion;
Subsidies for Israel: $2.9 billion.
