Operation Throw Money by the Trainload At It continues apace--h/t Schroeder:
With the expected passage this spring of the largest emergency spending bill in history, annual war expenditures in Iraq will have nearly doubled since the U.S. invasion, as the military confronts the rapidly escalating cost of repairing, rebuilding and replacing equipment chewed up by three years of combat.
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.
Annual war costs in Iraq are easily outpacing the $61 billion a year that the United States spent in Vietnam between 1964 and 1972, in today's dollars. The invasion's "shock and awe" of high-tech laser-guided bombs, cruise missiles and stealth aircraft has long faded, but the costs of even those early months are just coming into view as the military confronts equipment repair and rebuilding costs it has avoided and procurement costs it never expected...
Steven M. Kosiak, the Center for Strategic and Budgetary Assessments' director of budget studies, said, "If you look at the earlier estimates of anticipated costs, this war is a lot more expensive than it should be, based on past conflicts."
Gee, ya think?
And another hat tip to Attaturk, who found these quotes from the Rumster--the man "The Decider" has determined is "the best man for the job:"
“Well, the Office of Management and Budget, has come up come up with a number that's something under $50 billion for the cost. How much of that would be the U.S. burden, and how much would be other countries, is an open question.” 1/19/2003
&
“I don’t know that there is much reconstruction to do.” - 4/11/2003
Link.
You can view the flip side of the coin by taking a ride down to the Gulf Coast...
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