CRS Report: $12 billion monthly for Iraq, Afghanistan; 2007 cost for Iraq of $166 billion a 40% increase over 2006
WASHINGTON — 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...
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.
The $12 billion a month "burn rate" includes $10 billion for Iraq and almost $2 billion for Afghanistan, plus other minor costs. That's higher than Pentagon estimates earlier this year of $10 billion a month for both operations. Two years ago, the average monthly cost was about $8 billion...
If Congress approves President Bush's pending request for another $147 billion for the budget year starting Oct. 1, the total bill for the war on terror since Sept. 11 would reach more than three-fourths of a trillion dollars, with appropriations for Iraq reaching $567 billion.
Read the rest at the Houston Chronicle
CRS Report: Iraq costs now at $10 billion monthly; Total cost will pass 1/2 trillion in 2008
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