check out this article:
source:
http://www.commondreams.org/headlines06/0317-01.htmU.S. military spending in Iraq and Afghanistan will average 44 percent more in the current fiscal year than in fiscal 2005, the nonpartisan Congressional Research Service said.
Spending will rise to $9.8 billion a month from the $6.8 billion a month the Pentagon said it spent last year, the research service said. The group's March 10 report cites
"substantial'' expenses to replace or repair damaged weapons, aircraft, vehicles, radios and spare parts.and this one:
source:
http://www.tpmcafe.com/story/2006/1/5/11510/30624The Cost of The War
Nobel Laureate Joseph E. Stiglitz and Harvard budget expert Linda Bilmes plan to present this week a paper estimating the cost of the Iraq War at between $1-2 trillion. This is far higher than earlier estimates of $100-200 billion.
Here is their statement:
NEW STUDY SUGGESTS ECONOMIC COST OF IRAQ WAR MUCH LARGER THAN PREVIOUSLY RECOGNIZEDA new study by two leading academic experts suggests that the costs of the Iraq war will be substantially higher than previously reckoned. In a paper presented to this week’s Allied Social Sciences Association annual meeting in Boston MA., Harvard budget expert Linda Bilmes and Columbia University Professor and Nobel Laureate Joseph E. Stiglitz calculate that
the war is likely to cost the United States a minimum of nearly one trillion dollars and potentially over $2 trillion. <skip>
The study expands on traditional budgetary estimates by including costs such as lifetime disability and health care for the over 16,000 injured, one fifth of whom have serious brain or spinal injuries. It then goes on to analyze the costs to the economy, including the economic value of lives lost and the impact of factors such as higher oil prices that can be partly attributed to the conflict in Iraq. The paper also calculates the impact on the economy if a proportion of the money spent on the Iraq war were spent in other ways, including on investments in the United States.
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