CRS Study: $607 billion spent/allocated so far for Iraq, Afghanistan

WASHINGTON - As the Iraq war enters a fifth year, the conflict that President Bush's aides once said would all but pay for itself with oil revenues is fueling the highest level of defense spending since World War II.

Even with past spending adjusted upward for inflation, the $630 billion provided for the military this year exceeds the highest annual amounts during the Reagan-era defense buildup, the Vietnam War and the Korean War.

When lawmakers approve a nearly $100 billion emergency spending bill in the next few weeks, Congress will have appropriated $607 billion for the wars in Iraq and Afghanistan, with about 75 percent going to Iraq, according to a new Congressional Research Service study obtained by McClatchy Newspapers.

Read the rest at the Times Argus

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