Toronto Sun: Squandering billions in Iraq while U.S. suffers

By ERIC MARGOLIS



“A billion here, a billion there, pretty soon you’re talking about real money,” famously quipped U.S. Senator Everett Dirksen back in the 1960s.

Our minds boggled last week at U.S. government estimates that President George W. Bush’s so-called “war on terror” (including Afghanistan and Iraq) will cost at least $690 billion US by next year. That’s more than the total cost of World War I, Korea, or Vietnam, and second only to World War II’s $2 trillion.

This means that by 2008, Bush’s wars in the Muslim world will have cost each American man, woman and child $2,300.

Defeat looms in Iraq; Afghanistan is headed that way. And now U.S. intelligence reports al-Qaida is stronger than ever. Osama Bin Laden, who said the only way to expel U.S. influence from the Muslim world was to bleed the U.S. financially, must be beaming.

As kings have found since the dawn of time, in war, money counts as much as armies. Wars always cost far more than originally projected. ....(more)

The rest of the piece is at: http://torontosun.canoe.ca/News/Columnists/Margolis_Eric/2007/02/11/3586742.html

...either went in over-charges or in somebody's pocket.

:mad:

otherwise there is NO legitimate rational reason for IT!!!!!

I think $ 690 billion is just the tip of the iceberg - that the real cost, if it could be calculated, would be much higher. And we're "paying" for this disaster by borrowing money from China. Words fail, but the least that can be said is that it is absolute insanity.