Daily Revolt

November 17, 2006

Iraq War will Surpass Vietnam in Cost

Among the many similarities between Iraq and Vietnam Wars is the cost:
..."we're easily headed toward $600 billion." That would top the $536 billion cost of Vietnam in today's dollars. World War II cost an inflation-adjusted $3.6 trillion.

It's a far cry from what the Bush gang originally said the war would cost:
Before the Iraq war began in 2003, the Bush administration estimated its cost at $50 billion to $60 billion, though White House economic adviser Lawrence Lindsey had suggested in 2002 that it could cost as much as $200 billion.

Tax dollars down the drain:
The Pentagon is considering $127 billion to $160 billion in requests from the armed services for the 2007 fiscal year, which began last month, several lawmakers and congressional staff members said. That's on top of $70 billion already approved for 2007.

Putting the cost in perspective:
The new request being considered for the war on terror would be about one-fourth what the government spends annually on Social Security — and 10 times what it spends on its space program.

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