Saturday, July 26, 2008
THE COST OF WAR
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 United States 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.
Read it here
I was around when that Viet Nam War was fought. The American economy was booming, and it was assumed the reason it was booming was work generated by the war effort. Why is this not also true today?