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Banned
Join Date: Mar 2005
Location: Travelers Rest, South Carolina
Posts: 8,795
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8.4 billion dollars a month
That's the cost to continue to make war against Iraq.
Quote:
Pentagon sees U.S. war cost in Iraq rising
Thu 18 Jan 2007 23:35:17 GMT
By Richard Cowan
WASHINGTON, Jan 18 (Reuters) - The steadily rising Iraq war price tag will reach about $8.4 billion a month this year, Pentagon spokesmen said on Thursday, as heavy replacement costs for lost, destroyed and aging equipment mount.
The Pentagon has been estimating last year's costs for the increasingly unpopular war at about $8 billion a month, having increased from a monthly "burn rate" of around $4.4 billion during the first year of fighting in fiscal 2003.
During testimony at a House Budget Committee hearing, Deputy Defense Secretary Gordon England said that nearly four years into the war, the Pentagon's war costs were rising because it was having to replace big-ticket items such as helicopters, airplanes and armored vehicles that are wearing out or were lost in combat.
"We have a backlog and are seeing an increase," England told the panel.
When factoring in U.S. combat costs in Afghanistan, the Pentagon will spend about $9.7 billion a month during the fiscal year that ends on Sept. 30, according to Pentagon spokesmen.
Early next month, the administration is expected to ask Congress for a further $100 billion in "emergency" war money, on top of the $70 billion already approved for this year. The request comes as President George W. Bush has sketched out an increase of 21,500 U.S. troops in Iraq that could cost about $5.6 billion.
The article
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01-20-2007, 06:35 AM
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