Top Leaderboard, Site wide
July 30, 2014
Truthdig: Drilling Beneath the Headlines
Help us grow by sharing
and liking Truthdig:
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Newsletter

sign up to get updates








Truthdig Bazaar
The Best American Essays 2007

The Best American Essays 2007

By David Foster Wallace (Editor), Robert Atwan (Series Editor)
$11.20

more items

 
Ear to the Ground

Iraq War Cost: $2b a Week

Email this item Email    Print this item Print    Share this item... Share

Posted on Sep 28, 2006

That’s the word from a new congressional report, which tallies the spending at $379 billion in total, or 20% more than last year, as we spend more and more on establishing long-term bases in the area.


Boston Globe:

WASHINGTON—A new congressional analysis shows the Iraq war is now costing taxpayers almost $2 billion a week—nearly twice as much as in the first year of the conflict three years ago and 20 percent more than last year—as the Pentagon spends more on establishing regional bases to support the extended deployment and scrambles to fix or replace equipment damaged in combat.

The upsurge occurs as the total cost of military operations at home and abroad since 2001, including the wars in Iraq and Afghanistan, will top half a trillion dollars, according to an internal assessment by the nonpartisan Congressional Research Service completed last week.

The spike in operating costs—including a 20 percent increase over last year in Afghanistan, where the mission now costs about $370 million a week—comes even though troop levels in both countries have remained stable. The reports attribute the rising costs in part to a higher pace of fighting in both countries, where insurgents and terrorists have increased their attacks on US and coalition troops and civilians.

Link

More Below the Ad

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By Mike - A High School Economics teacher, September 28, 2006 at 1:22 pm Link to this comment
(Unregistered commenter)

Adam Smith (In the Wealth of Nations)questioned the economic logic of borrowing money to fight wars.  In the short term her worried about the inflation that might occur if a federal government tried to cut the resulting public debt by lowering the value of currency.  He also worried about the lack of public attention if there were no immediate fiscal consequences.

In the long term he worried that the wealthy (merchants in his world) would buy the debt and gain more wealth at the expense of future National prosperity.  He also worried that a nation would be tied to the money loaned to it by foreign investors.  Future generations would pay with a lowered standard of living and diminishing prospects.

I find it strange that The Wealth of Nations is used to support inactive government (which it did not) but never referenced in regard to the public debt and wars.  Is this part of the plan to keep us ignorant and controlled?  Doesn’t anybody study anymore?

Report this
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.