Friday, February 03, 2006

Iraq war is costing $100,000 per minute

It makes me sick to think about what else this money could have been used for.

MARK MAZZETTI & JOEL HAVEMANN, LOS ANGELES TIMES - The White House said Thursday that it plans to ask Congress for an additional $70 billion to pay for the wars in Iraq and Afghanistan, driving the cost of military operations in the two countries to $120 billion this year, the highest ever. Most of the new money would pay for the war in Iraq, which has cost an estimated $250 billion since the U.S. invasion in March 2003.

The additional spending, along with other war funding the Bush administration will seek separately in its regular budget next week, would push the price tag for combat and nation-building since Sept. 11, 2001, to nearly a half-trillion dollars, approaching the inflation-adjusted cost of the 13-year Vietnam War.

The cost of military operations in 2006 is $35 billion higher than what Congress had estimated a few months ago that the Defense Department would need this year. The higher costs are occurring even as the Pentagon is planning to reduce troop levels in Iraq in coming months, reflecting the continuing wear and damage to military equipment in desert combat, the need to upgrade protection for U.S. troops and the effort to train and equip Iraqi forces.

No large-scale reconstruction projects are included in the spending, officials said.

Currently, the Defense Department says it is spending about $4.5 billion a month on the conflict in Iraq, or about $100,000 per minute. Current spending in Afghanistan is about $800 million a month, or about $18,000 per minute.

The rising costs contrast with projections before the war. Former White House economic adviser Lawrence Lindsey predicted in late 2002 that the war would cost between $100 billion and $200 billion, drawing administration ire for offering such high estimates and eventually resigning his post.

In spring 2003, top administration officials, including Deputy Defense Secretary Paul Wolfowitz, said Iraq's vast oil reserves would help defray the costs of an extended U.S. stay. Nearly three years later, oil revenues are far below expectations and the Iraqi government is able to pay for only a fraction of its reconstruction.

3 Comments:

At 2:07 PM, Anonymous adrienne said...

amen

 
At 8:10 PM, Anonymous Anonymous said...

Thank God we're killing those SOB's who want to kill us first.

Tax money well spent. 14 UN resolutions later and someone had to go in. Remember, WMD's we're only one of the 14 reasons for removing the neo-Fascist threat to our safety and well-being.

I'm glad you're safe enough to oppose being safe.

 
At 10:16 PM, Blogger Luke said...

Thank God evolution teaches us that cretins like you will eventually be eliminated from the gene pool.

 

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