Study: Iraq to exceed real dollar cost of Vietnam
Above: Soldiers with the 2nd Stryker Cavalry Regiment prepare to clear the second story of a home in Baghdad's east Rashid District last week.
At $450 billion, the war in Iraq has already cost more than the 1991 Persian Gulf War and the Korean War. Within a year — and some $200 billion more in spending — Iraq will almost certainly exceed the cost of the Vietnam War, according to the Center for Strategic and Budgetary Assessments (CSBA).
And that’s just Iraq. The war in Afghanistan has cost $127 billion so far, according to CSBA budget studies chief Steven Kosiak.
By contrast, 10 years of battle in Vietnam cost the United States $518 billion. The Korean War cost $456 billion and the Gulf War cost $88 billion. About 90 percent of Gulf War costs were paid by U.S. allies.
The costs of past wars are reported in current dollars, meaning they have been adjusted to account for inflation, Kosiak said in a Sept. 12 report.
Read the rest at Army Times
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At $450 billion, the war in Iraq has already cost more than the 1991 Persian Gulf War and the Korean War. Within a year — and some $200 billion more in spending — Iraq will almost certainly exceed the cost of the Vietnam War, according to the Center for Strategic and Budgetary Assessments (CSBA).
And that’s just Iraq. The war in Afghanistan has cost $127 billion so far, according to CSBA budget studies chief Steven Kosiak.
By contrast, 10 years of battle in Vietnam cost the United States $518 billion. The Korean War cost $456 billion and the Gulf War cost $88 billion. About 90 percent of Gulf War costs were paid by U.S. allies.
The costs of past wars are reported in current dollars, meaning they have been adjusted to account for inflation, Kosiak said in a Sept. 12 report.
Read the rest at Army Times
Related Link:
Report: Bush to seek nearly $200 billion for wars in fiscal 2008
Related Link:
GAO: Equipment loss puts world-wide U.S. military readiness at risk
Related Link:
CBO Report: Iraq war costs could top $1 trillion
Related Link:
Report: 90% of urgent gear requests not making it to Marines in field
Related Link:
Treasury Secretary Paulson: U.S. may default uness $9 trillion debt limit raised by October
Related Link:
CRS Report: $12 billion monthly for Iraq, Afghanistan; 2007 cost for Iraq of $166 billion a 40% increase over 2006
Related Link:
General Speakes: Proposed budget cut threatens military modernization
Related Link:
General Speakes: Billions still expected for reset, new weapons
Related Link:
General Keys: Air force fleet wearing out, risk of catastrophic failure
Related Link:
Opinion (Ron Hutcheson): $564 billion, and counting
Related Link:
Report: Navy can’t afford proposed fleet
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Army: Vehicle, gear stockpiles at 5-year low
Related Link:
White House trades new weapons for armor kits, vehicles
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CRS Study: $607 billion spent/allocated so far for Iraq, Afghanistan
Related Link:
Pace: Equipment shortage could last years after Iraq war
Related Link:
General: Army lost 130 helicopters in Iraq , Afghanistan; Says 'The U.S. is not at war, the military is at war'
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Perspective: Incoming Marine units getting retrograde equipment
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Marines to place $3.7 billion order for 3,700 MRAP vehicles in Iraq by 2009
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Perspective: 25% of Iraq budget for equipment
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Perspective: Lack of equipment for surge troops may increase casualties
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Perspective: Guard's loss of hardware in war causes dire situation
Related Link:
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Opinion (Kevin Hassett): Time to Face Facts About Surging Iraq War Costs
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