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Iraq war now costing $6 billion a month
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| Contributor | RP |
| Last Edited | RP Oct 11, 2005 07:07pm |
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| Category | Analysis |
| Media | Newspaper - Barre-Montpelier Times-Argus |
| News Date | Saturday, October 8, 2005 01:00:00 AM UTC0:0 |
| Description | The Bush administration is spending about $7 billion a month to wage the war on terror, and costs could total $570 billion by the end of 2010, assuming troops are gradually brought home, a congressional report estimates.
The paper by the Congressional Research Service underscores how the price tag has been gradually rising for the war in Iraq. A year ago, the Pentagon was calculating its average monthly costs in that conflict at below $5 billion — an amount the research service says has now grown close to $6 billion.
Those expenses are growing even as recovery costs from hurricanes Katrina and Rita and mammoth federal deficits are intensifying pressure on the Bush administration and Congress to find ways to save money. |
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