Tuesday, April 25, 2006

Burning a Hole in Uncle Sam's Pocket

Yearly costs in Iraq have nearly doubled since 2003, from $48 billion to $94 billion. According to the Mercury News, if this keeps up, the war will cost $660 billion by 2016. This is apparently based on the Whtie House's anticipated request for $50 billion next year.

It seems to me that that is an extremely conservative estimate; if current trends continue, I see no reason why the White House would only ask next year for a little more than half what it asked for this year. So it seems to me that the true number is likely well over a trillion by 2016, unless we start drawing down significantly in Iraq.

That is all.

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