Monday, July 9, 2007

12 Billion Dollars A Month

Report: Wars Costing $12 Billion A Month
WASHINGTON (AP) - The boost in troop levels in Iraq has increased the cost of war there and in Afghanistan to $12 billion a month, and the total for Iraq alone is nearing a half-trillion dollars, congressional analysts say. All told, Congress has appropriated $610 billion in war-related money since the Sept. 11, 2001, terror assaults, roughly the same as the war in Vietnam. Iraq alone has cost $450 billion. The figures come from the nonpartisan Congressional Research Service, which provides research and analysis to lawmakers. For the 2007 budget year, CRS says, the $166 billion appropriated to the Pentagon represents a 40 percent increase over 2006. The Vietnam War, after accounting for inflation, cost taxpayers $650 billion, according to separate CRS estimates.

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