[+/-] Study finds Iraq war costlier than Vietnam
A new report from the Institute for Policy Studies (IPS), The Iraq Quagmire: The Mounting Costs of War and the Case for Bringing Home the Troops, finds:
- According to current estimates, the cost of the Iraq War could exceed $700 billion. In current dollars, the Vietnam War cost U.S. taxpayers $600 billion.
- Staying in Iraq and Afghanistan at current levels would nearly double the projected federal budget deficit over the next decade.
- Since 2001, the US has deployed more than 1 million troops to Iraq and Afghanistan.
- Broken down per person in the United States, the cost so far is $727, making the Iraq War the most expensive military effort in the last 60 years.
- The number of journalists killed reporting the Iraq War (66) has exceeded the number of journalists killed reporting on the Vietnam War (63).
- The U.S. controls 106 military bases across Iraq. Congress has budgeted $236 million for permanent base construction in FY2005