American military spending on Iraq is now approaching $8 billion a month. Accounting for inflation, this is half as much again as the average monthly cost of the Vietnam War; the total spent so far has long surpassed the cost of the entire Apollo space programme. Three and a half months of occupation costs the equivalent of Iraq's estimated oil revenues for the current financial year. We now know, thanks to the leaked report of James Baker's Iraq Study Group, that if US troops withdrew, they would in all probability be redeployed to neighbouring countries, increasing the already massive expenditure and inevitably threatening new arenas of conflict. Here's an unimaginable alternative. If the US army left the region, and if the money was instead handed out to every Iraqi man, woman and child, they would each receive more than $300 a month.

LRB 2 November 2006 | PDF Download