BusinessPostCorner.com
No Result
View All Result
Friday, July 17, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Congress must not give Trump a blank cheque for the Iran war

March 25, 2026
in Finance
Reading Time: 4 mins read
A A
0
Congress must not give Trump a blank cheque for the Iran war
ShareShareShareShareShare

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

The writer is chair in defence and strategy at the Brookings Institution and the author of ‘To Dare Mighty Things: US Defense Strategy Since the Revolution’

The Pentagon has stated that the first two days of the current war against Iran cost the US about $5.6bn in munitions alone, and the first week about twice that in total costs. Considering the mix of offensive and defensive weapons fired against thousands of targets — perhaps as many as 15,000 to 20,000 already — this is a plausible pace of expenditure. Advanced defensive interceptors like the Terminal High Altitude Area Defense system (THAAD) and long-range attack weapons like Tomahawk can cost several million dollars apiece. That is a lot, but it is a far cry from the amount the White House is now seeking from Congress.

The Trump administration plans to ask Congress for $200bn to fund the ongoing Iran war. This would be a gross overestimate of the costs of the war to date and at any time in coming weeks. Worse, if approved, it could be interpreted as a blessing by Congress for a major escalation — since nothing about the current operation implies such a price tag over the weeks to come. 

If such a huge supplemental funding request from the Pentagon makes its way across the Potomac, Congress should scale it back into the tens of billions of dollars range. It should also explicitly prohibit the use of such funds for a major ground war — capping the number of ground troops at perhaps 20,000 — and insist that the Department of Defense make other justifiable budgetary requests through the normal annual budget process that allows for proper transparency and oversight.

Should this war drag on indefinitely, the Pentagon can always ask for more funding late this spring or summer — giving Congress another opportunity to play its proper constitutional role as a steward of taxpayer money and a check on the executive branch.

To grasp how excessive the $200bn request is, consider the costs of some past conflicts in the modern era — including expenditures for operations, munitions, equipment repair or replacement, basing, and transportation. Operation Desert Storm in 1991, with more than half a million US troops, lasted for 40 days of combat, plus several months of preparation and redeployment, and cost about $150bn as expressed in constant 2026 dollars (adjusted for inflation, that is).

The US role in the Iraq war of 2003-2011 cost about $135bn a year on average or more than $10bn a month, as expressed in 2026 dollars — with well over 100,000 American troops in the region on average. But both of these conflicts were massive operations by comparison with the current air and naval campaign. Presumably Trump is not contemplating anything of comparable scale in regard to Iran, even as several thousand marines and soldiers make their way towards the Gulf.

Better analogies can be found from two other conflicts of the past three decades. The five-year campaign against Isis in Iraq and Syria from 2014 to 2019 cost less than $10bn per year for the air campaign in 2026 dollars. Typically, 2,000 to 3,000 munitions were dropped a month. Scaling that to today’s larger operation, and accounting for the use of offensive and defensive weapons alike, would imply a pace of expenditure perhaps 20 to 30 times as great. The 78-day Kosovo air war of 1999 involved about 1,000 Nato planes and cost the US about $10bn in 2026 dollars.

Taken together, these precedents suggest that the pace of costs of the first week of the Iran war was exceptionally high and has likely declined since. By the end of March, at the one-month mark, the US will probably have spent perhaps $30-40bn in overall military costs — just a fraction of the requested $200bn — unless this war goes through the entire summer, or winds up as a ground war.

These estimates do not include repair of damaged infrastructure, harm to the global economy, or any possible reconstruction costs for the Iranian economy should Washington somehow manage to induce regime change and then seek to help repair a broken nation. But any such funds would likely not be funded out of the Department of Defense supplemental spending package.

Although Congress, like key US allies, should have been consulted before the war began, it still makes sense for the House and Senate to provide supplemental funding for a war that we are now in, whether we like it or not. But providing $200bn would come close to giving the Trump administration a blank cheque that would allow for major escalation — and prolongation — of the conflict.

Instead, Congress should provide something in the range of $60bn to $75bn, allowing for operations to the end of April if necessary — and tell Trump to come back with another request in May if, heaven forbid, he needs more money for this war then.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Hard Forks For Quantum Threats

Next Post

Ripple XRP Enters MAS BLOOM Sandbox to Pilot RLUSD in Asia

Next Post
Ripple XRP Enters MAS BLOOM Sandbox to Pilot RLUSD in Asia

Ripple XRP Enters MAS BLOOM Sandbox to Pilot RLUSD in Asia

Why has British Steel been nationalised?

Why has British Steel been nationalised?

July 17, 2026
Ripple Joins UK Wholesale Digital Markets Taskforce

Ripple Joins UK Wholesale Digital Markets Taskforce

July 14, 2026
Is your AI really working? Why productivity isn’t the same as progress

Is your AI really working? Why productivity isn’t the same as progress

July 15, 2026
‘We’ve saved 34 tonnes of food and a carpet from Silverstone’

‘We’ve saved 34 tonnes of food and a carpet from Silverstone’

July 11, 2026
Binance Futures Volume Surges 80% Amid Spot Slump

Binance Futures Volume Surges 80% Amid Spot Slump

July 13, 2026
Elon Musk Grok AI Predicts Incredible Netflix Stock Price by Next 30 Days

Elon Musk Grok AI Predicts Incredible Netflix Stock Price by Next 30 Days

July 16, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off

OpenAI’s CFO: 4 questions that reveal if your AI spend is paying off

July 17, 2026
Why women should speak openly about money

Why women should speak openly about money

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!