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Iraq War: $12 billion a month and rising

Your federal tax dollars at work:

Studies: Iraq war will cost $12 billion a month
Economists project a much higher burn rate than government estimates

Associated Press
updated 7:26 p.m. PT, Sun., March. 9, 2008

The flow of blood may be ebbing, but the flood of money into the Iraq war is steadily rising, new analyses show.

In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the "burn" rate of its earliest years, Nobel Prize-winning economist Joseph E. Stiglitz and co-author Linda J. Bilmes report in a new book.

Beyond 2008, working with "best-case" and "realistic-moderate" scenarios, they project the Iraq and Afghan wars, including long-term U.S. military occupations of those countries, will cost the U.S. budget between $1.7 trillion and $2.7 trillion — or more — by 2017.

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Meanwhile, 3,975 American soldiers have been killed in pursuit of weapons of mass destruction that did not exist.

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