The Cost of War

Jonathan Weisman at the Washington Post has an interesting article on the increasing cost of the war in Iraq. The rate of spending is enormous:

Cost of war

The cost of the war in U.S. fatalities has declined this year, but the cost in treasure continues to rise, from $48 billion in 2003 to $59 billion in 2004 to $81 billion in 2005 to an anticipated $94 billion in 2006, according to the Center for Strategic and Budgetary Assessments. The U.S. government is now spending nearly $10 billion a month in Iraq and Afghanistan, up from $8.2 billion a year ago, a new Congressional Research Service report found.

One can imagine that if the disengagement happens as planned, the costs may peak at $100 billion a year.

Via Steve.






One response to “The Cost of War”

  1. Tony avatar

    Somewhat surprised Weisman’s article left many gasping about the amount of money spent thus far. An equal number share a pang of anger that so many are in fact gasping. One can easily equate us to a teenager set loose with dad’s credit card only to be slapped with reality when the bill arrives. In this case its our credit card … and this war is hardly a secret.

    Despite a few flaws with the fatuous figures quoted, numerous issues and debates should arise from this information. Political agendas aside, this specific comment isolates a singular component of the article regarding money spent.
    To spend that much ‘treasure’ on any one given project outside our natural boundaries is a tad bit exorbitant and almost impossiblel to get a detailed accounting.

    “Why buy a pint when you can get a keg,” seems to be our new philosophy on spending.

    Meanwhile, some of us out of school for the past five years still owe a balance of $65,000 for our student loans. There has to be new methods of attainment to obtain harmony and new priorities in spending …. I would suggest investing in the future along the lines of secondary education as the first step.