Cost of wars in Afghanistan and Iraq to top $500 BILLION in 2007

[kpete]

Cost of wars in Afghanistan and Iraq to top $500 billion in 2007

RAW STORY
Published: Tuesday June 27, 2006

The costs of the wars in Afghanistan and Iraq wil pass the $500 billion mark next year, says a Congressional Research Service report, the National Journal's CONGRESS DAILY has reported today. The Congressional Research Service is a non-partisan arm of Congress. Excerpts from the registration restricted article follow:

The overall cost of the wars in Iraq and Afghanistan and other global anti-terror operations since the Sept. 11, 2001, attacks will top $500 billion next year, according to congressional estimates and expectations of future funding.

The nonpartisan Congressional Research Service said in a report that through the current fiscal year ending Sept. 30, the government will have spent $437 billion on overseas military and foreign aid funding. That includes the latest supplemental spending bill signed into law this month, which provided $69 billion for the war effort.

Add in roughly $1.5 billion in FY07 Foreign Operations funds for Iraq and Afghanistan; $50 billion in Pentagon "bridge" funds for the first half of FY07, plus as-yet-undetermined supplemental funds for the remainder of the next fiscal year, and total war-related costs will easily soar over $500 billion one year from now.

more at:
http://www.rawstory.com/news/2006/Cost_of_wars_in_Afghanistan_and_0627.html

[Epiphany4z]

1. do you remember

the flack Kerry got when during one of the debates he said it would cost $200 billion?