http://www.direland.typepad.comhttp://www.ips-dc.org/iraq/quagmire/August 31, 2005
, EXCEEDING COSTS OF VIETNAM WAR
A stunning new report from the Institute for Policy Studies (IPS) shows that the war in Iraq has so far cost every person in the U.S. $727, making the Iraq War the most expensive military effort in the last 60 years. Moreover, the costs of the war and the continuing American occupation of Iraq have exceeded those of the Vietnam war during eight years. Operations costs in Iraq are estimated at $5.6 billion per month in 2005. By comparison, the average cost of U.S. operations in Vietnam over the eight-year war was $5.1 billion per month, adjusting for inflation.
The IPS report, The Iraq Quagmire: The Mounting Costs of War and the Case for Bringing Home the Troops, was written by Phyllis Bennis, Erik Leaver and the IPS Iraq Task Force. Among the report's other findings: