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Sunday, December 21, 2008

A WASTEFUL SOCIETY

"U.S. military operations, including the Iraq and Afghanistan wars, have cost $904 billion since 2001 and could top $1.7 trillion by 2018, even with big cuts in overseas troop deployments, a report said on Monday. A new study released by the nonpartisan Center for Strategic and Budgetary Assessments, or CSBA, said the Iraq conflict's $687 billion price tag alone now exceeds the cost of every past U.S. war except for World War II, when expenditures are adjusted for inflation. With another $184 billion in spending for Afghanistan included, the two conflicts surpass the cost of the Vietnam War by about 50 percent, the report said."
(Yahoo News, 15 December) RD

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