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April 28, 2006

Costlier Than Vietnam, By Far Iraq

The wars in Iraq and Afghanistan taken together are going to cost far more, in constant dollars, than Vietnam. WaPo:

The cost of the war in Iraq will reach $320 billion after the expected passage next month of an emergency spending bill currently before the Senate, and that total is likely to more than double before the war ends, the Congressional Research Service estimated this week. [...]

Once the war spending bill is passed, military and diplomatic costs will have reached $101.8 billion this fiscal year, up from $87.3 billion in 2005, $77.3 billion in 2004 and $51 billion in 2003, the year of the invasion, congressional analysts said. Even if a gradual troop withdrawal begins this year, war costs in Iraq and Afghanistan are likely to rise by an additional $371 billion during the phaseout, the report said, citing a Congressional Budget Office study. When factoring in costs of the war in Afghanistan, the $811 billion total for both wars would have far exceeded the inflation-adjusted $549 billion cost of the Vietnam War.

"The costs are exceeding even the worst-case scenarios," said Rep. John M. Spratt Jr. (S.C.), the ranking Democrat on the House Budget Committee. [Emphasis added]

Amazing. Has any American administration in history done so much damage to the country in so little time? And note the year-to-year trend: 51 billion, 77.3, 87.3, 101.8. Remember Mission Accomplished?

Posted by Jonathan at April 28, 2006 09:59 PM  del.icio.us digg NewsVine Reddit YahooMyWeb