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For fiscal 2006, monthly costs for Iraq alone could hit $8 billion

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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 11:20 PM
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For fiscal 2006, monthly costs for Iraq alone could hit $8 billion
Edited on Sun Aug-20-06 11:22 PM by bigtree
August 20, 2006

The Count
A Nonpartisan Look at the Price Tag of Overseas Wars


By HUBERT B. HERRING

What, exactly, are the wars in Iraq and Afghanistan costing us? (In merely dollar terms, that is; the human cost is another, unthinkable matter entirely.) Thats what the Congressional Research Service, Congresss nonpartisan public policy research arm, explored in a recent study.

As the study notes, the Defense Department recently put the burn rate a term for the sums being spent for Iraq and Afghanistan at $6.8 billion a month. But as the study says, that excludes maintaining and replacing equipment or building and improving facilities. The official burn rate, it concludes, is only about 70 percent of the true cost.

For fiscal 2006, monthly costs for Iraq alone could hit $8 billion, the study projected.

The study found a bit of surprising news: that the cost of feeding troops in Iraq fell in fiscal 2005 to $1.2 billion from $2 billion, despite comparable troop levels. No, we have not cut rations. The change may simply reflect success at reducing costs, the study says.



http://www.nytimes.com/2006/08/20/business/yourmoney/20...
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FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 06:33 AM
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1. Halliburton feeds the troops. Some of it was rotten. Hard to get
water to war zones. Their profit was up 100% I think.
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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 11:46 AM
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2. the article did let them off the hook too easy on that
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 12:37 PM
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3. Their Profit was up 379%
Also at 8 billion a month it means we are spending over $185,000.00 a MINUTE on War How much of that does Halliburton get?
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