Tuesday, July 10, 2007

The price of war

The war in Iraq and in Afghanistan is now $12 billion a month, and the total for Iraq alone is nearing a half-trillion dollars, independent congressional analysts say . The $12 billion a month "burn rate" includes $10 billion for Iraq and almost $2 billion for Afghanistan, plus other minor costs. That's higher than Pentagon estimates earlier this year of $10 billion a month for both operations. Two years ago, the average monthly cost was about $8 billion. Among the reasons for the higher costs is the cost of repairing and replacing equipment worn out in harsh conditions or destroyed in combat.

The Vietnam War, after accounting for inflation, cost taxpayers $650 billion

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