War Costing $12 billion Per Month
Congressional Research Service
The non-partisan Congressional Research Service released a report Monday saying the wars in Iraq and Afghanistan are costing about $12 billion every month, nearly 50 percent more than two years ago.
The report said the “burn rate” for Iraq was about $10 billion of that total, while the U.S. was spending about $2 billion in Afghanistan.
Major reasons for the increased costs, the report said, include President Bush’s troop surge, plus the costs of replacing worn out equipment or gear and war machines destroyed in combat.
The Vietnam War, which lasted roughly from 1964 to 1975, cost U.S. taxpayers about $650 billion, adjusting for inflation. The U.S. has spent nearly that much on the Iraq and Afghanistan wars.
President Bush has before Congress a request for another $147 billion in war funding. Congress approved an additional $99 billion in funding in May after a lengthy battle in Congress and a Bush veto of a measure introduced by Democrats to force the president to set a timeline for withdrawing U.S. forces.
Read the Associated Press Article
Reference:
National Debt Clock now at $29,366.48 per capita and climbing
