http://www.sacbee.com/content/politics/story/14250040p-15066876c.htmlWASHINGTON - When Lawrence Lindsey, then President Bush's top economic adviser, said in September 2002 that war in Iraq might cost the United States as much as $200 billion, other top aides rebuked him and Bush fired him three months later.
Turns out, Lindsey's projection was indeed way off the mark - way low off the mark.
The Senate is expected to pass an emergency spending bill this week to provide $71 billion for military costs in Iraq and Afghanistan, with the bulk of it going to Iraq. The new money would bring to at least $320 billion the total cost of a war that senior Bush aides once promised would be financed largely by Iraqi oil revenues.
Soaring costs driven by the harsh Iraqi climate's wear-and-tear on tanks, trucks and helicopters have more than tripled U.S. spending on equipment - from $7.2 billion in 2003 to $24.4 billion this year - according to a new report by the bipartisan Congressional Research Service.
The Iraq campaign's total cost is still well behind the $549 billion price tag for the country's decade-long debacle in Vietnam, after adjusting for inflation. But the government's rate of spending on Iraq has outpaced the average spending rate in Vietnam - passing $8 billion a month.