Saturday, July 26, 2008

Iraq War's Price Tag Nears Vietnam's (U.S. has spent $648 billion on Iraq war operations)

AP- The total cost of the Iraq war is approaching the Vietnam War's expense, a congressional report estimates, while spending for military operations after 9/11 has exceeded it.

The new report by the Congressional Research Service estimates the U.S. has spent $648 billion on Iraq war operations, putting it in range with the $686 billion, in 2008 dollars, spent on the Vietnam War, the second most expensive war behind World War II. Since the Sept. 11, 2001, terrorist attacks, the U.S. has doled out almost $860 billion for military operations in Afghanistan, Iraq and elsewhere around the world.

All estimates, adjusted for inflation, are based on the costs of military operations and don't include expenses for veterans benefits, interest on war-related debts or assistance to war allies, according to the nonpartisan CRS.

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