War costs approach $10 billion a month

Posted on: Apr. 20th, 2006 || Source: sfgate.com | E-mail Article | Print Article

War costs approach $10 billion a month

Washington -- Annual war expenditures in Iraq will almost certainly come close to doubling since the U.S. invasion, as the military confronts the rapidly escalating cost of repairing, rebuilding and replacing equipment chewed up by three years of combat.

The cost of the war in U.S. fatalities has declined this year, but the cost in treasure continues to rise -- from $48 billion in 2003 to $59 billion in 2004 to $81 billion in 2005 to an anticipated $94 billion in 2006, according to the Center for Strategic and Budgetary Assessments.

The U.S. government is now spending nearly $10 billion a month in Iraq and Afghanistan, up from $8.2 billion a year ago, a new Congressional Research Service report found.

Annual war costs in Iraq are easily outpacing the $61 billion a year that the United States spent in Vietnam between 1964 and 1972, in today's dollars. The Iraq invasion's "shock and awe" phase of high-tech laser-guided bombs, cruise missiles and stealth aircraft has long faded, but the costs of even those early months are just coming into view as the military confronts equipment repair and rebuilding costs it has avoided and procurement costs it never expected.

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