The nonpartisan Center for Strategic and Budgetary Assessments found that the $687 billion spent so far on Iraq has cost the US more than every conflict aside from World War II. With the $184 billion in Afghanistan, the two main conflicts of the war on terror have proved to be 50 percent more expensive than Vietnam.
An author of the report said President Bush's decision to circumvent the traditional budget process is to blame for the exceedingly high costs.
The reliance on supplemental funding creates a misleading picture of overall requirements, said Steven Kosiak, vice president of budget studies at CSBA and author of the report, during a briefing on Monday. "A sound budgeting process forces policymakers to recognize the true costs of their policy choices," he said.
The CSBA's assessment comes in below some of the highest estimates for the wars' costs. Nobel laureate Joseph Stiglitz and Harvard economist Laura Bilmes estimated Iraq alone would cost $3 trillion when factoring costs beyond the battlefield, such as veterans health benefits and disability pay.
TVNL Comment: The Bush administration has lied about every single thing yet people still beileve them when it comes to 9/11. Why?
US President Donald Trump has threatened to bomb Oman if it “gets in the way” of...
Israel has rejected US President Donald Trump's 15-point plan for Gaza and will not withdraw until...
In his Beirut office, Dr Ghassan Abu Sittah is going over his operating list for the...
Three Palestinians were killed in Israeli attacks on Gaza, while Israeli forces and Jewish settlers wounded...
