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Unforeseen Spending on Materiel Pumps Up Iraq War Bill
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| Contributor | RP |
| Last Edited | RP Apr 20, 2006 11:56am |
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| Category | General |
| Media | Newspaper - Washington Post |
| News Date | Thursday, April 20, 2006 05:55:00 PM UTC0:0 |
| Description | 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.
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." |
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