Monday, May 10, 2004

Bush's War Spending Projection: Another $150 billion by 2005


SF Chronicle - With troop commitments growing, the cost of the war in Iraq could top $150 billion through the next fiscal year — as much as three times what the White House had originally estimated.

The Pentagon says its monthly costs for Operation Iraqi Freedom shot up from $2.7 billion in November to nearly $7 billion in January, the last month for which ithas provided figures. Since then, the number of troops has jumped by 20,000 to 135,000, and the bloody insurgency has grown.

Defense officials initially said the troop increases were temporary, but last week they changed course and said they planned to maintain the higher levels through 2005, along with increased numbers of tanks and other heavy military equipment. The tempo of military operations has increased sharply in response to a wave of lethal attacks, suggesting the costs still may be climbing.

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