| Ander Nieuws week 52 / nieuwe oorlog 2008 |
FOCUS News Agency
16 December 2008
U.S. military operations, including the Iraq and Afghanistan wars, have cost USD 904 billion since 2001 and could top USD 1.7 trillion by 2018, even with big cuts in overseas troop deployments, a report said on Monday, Reuters reported.
A new study released by the nonpartisan Center for Strategic and Budgetary Assessments, or CSBA, said the Iraq conflict's USD 687 billion price tag alone now exceeds the cost of every past U.S. war except for World War II, when expenditures are adjusted for inflation.
With another USD 184 billion in spending for Afghanistan included, the two conflicts surpass the cost of the Vietnam War by about 50 percent, the report said.
CSBA said U.S. military operations have already reached USD 904 billion since 2001, including the two wars as well as stepped-up military security activities at home and the payout in war-related veterans' benefits. The estimate includes allocated spending into 2009.
Focus Information Agency © 2008
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