Word: coste
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Dates: during 2000-2009
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...news that President Bush's war on terrorism soon will have cost the U.S. taxpayers $1 trillion - and counting - is unlikely to spread much Christmas cheer in these tough economic times. A trio of recent reports - none by the Bush Administration - suggests that sometime early in the Obama presidency, spending on the wars started since 9/11 will pass the trillion-dollar mark. Even after adjusting for inflation, that's four times more than America spent fighting World War I, and more than 10 times the cost of 1991's Persian Gulf War (90% of which was paid...
...cost of sending a single soldier to fight for a year in Afghanistan or Iraq is about $775,000 - three times more than in other recent wars, says a new report from the private but authoritative Center for Strategic and Budgetary Assessments (CSBA). A large chunk of the increase is a result of the Administration's cramming new military hardware into the emergency budget bills it has been using to pay for the wars. (See pictures of U.S. troops in Iraq...
...suffer a moment of sticker shock from the conclusions of the CSBA report and similar assessments from the Government Accounting Office (GAO) and Congressional Research Service (CRS), which make clear that the nearly $1 trillion already spent is only a down payment on the war's long-term costs. The trillion-dollare figure does not, for example, include long-term health care for veterans, thousands of whom have suffered crippling wounds, or the interest payments on the money borrowed by the Federal Government to fund the war. The bottom lines of the three assessments vary: the CSBA study says...
...Sifting through Pentagon data, the CSBA study breaks down the total costs of the war on terrorism as $687 billion for Iraq, $184 billion for Afghanistan and $33 billion for homeland security. By 2018, depending on how many U.S. troops remain in Afghanistan and Iraq, the total cost is projected to likely be between $1.3 trillion and $1.7 trillion. On the safe assumption that the wars are being waged with borrowed money, interest payments raise the cost by an additional $600 billion through...
...Shortly before the Iraq war began, White House economic adviser Larry Lindsey earned a rebuke from within the Administration when he said the war could cost as much as $200 billion. "It's not knowable what a war or conflict like that would cost," Defense Secretary Don Rumsfeld said. "You don't know if it's going to last two days or two weeks or two months. It certainly isn't going to last two years...