What can you buy for $100,000/minute?
Hint: It resembles a quagmire, is extremely unpopular, has led to thousands upon thousands of deaths, both American and not, and has prompted the White House to engage in shameless misinformation and revisionism.
Yes, my friends, it's the Iraq War. And if you're American, that's your money going to pay for Bush's little expedition into the abyss of military preemption and regime change.
**********
The Seattle Times (from the L.A. Times) reports on the cost of the Iraq War -- you might want to sit down for this one:
And, breaking it down:
So there you go. The numbers more or less speak for themselves, no?
(What would you do with $100,000/minute?)
Yes, my friends, it's the Iraq War. And if you're American, that's your money going to pay for Bush's little expedition into the abyss of military preemption and regime change.
**********
The Seattle Times (from the L.A. Times) reports on the cost of the Iraq War -- you might want to sit down for this one:
The White House said Thursday that it plans to ask Congress for an additional $70 billion to pay for the wars in Iraq and Afghanistan, driving the cost of military operations in the two countries to $120 billion this year, the highest ever.
Most of the new money would pay for the war in Iraq, which has cost an estimated $250 billion since the U.S. invasion in March 2003.
The additional spending, along with other war funding the Bush administration will seek separately in its regular budget next week, would push the price tag for combat and nation-building since Sept. 11, 2001, to nearly a half-trillion dollars, approaching the inflation-adjusted cost of the 13-year Vietnam War.
The cost of military operations in 2006 is $35 billion higher than what Congress had estimated a few months ago that the Defense Department would need this year. The higher costs are occurring even as the Pentagon is planning to reduce troop levels in Iraq in coming months, reflecting the continuing wear and damage to military equipment in desert combat, the need to upgrade protection for U.S. troops and the effort to train and equip Iraqi forces.
And, breaking it down:
Currently, the Defense Department says it is spending about $4.5 billion a month on the conflict in Iraq, or about $100,000 per minute.
Current spending in Afghanistan is about $800 million a month, or about $18,000 per minute.
So there you go. The numbers more or less speak for themselves, no?
(What would you do with $100,000/minute?)
5 Comments:
You are on fire with this SOTU.
By Anonymous, at 12:39 AM
although, I realize that this is tangentally related...
By Anonymous, at 12:41 AM
So what can you do with $200K/min in 2007? You did see the headlines, $120 billion for operations next year? Insane.
By J., at 11:11 AM
In my mind, the worst part is not even how much we are spending but how we are paying for it. Bush's budget proposal has defense spending increasing by $28 billion to $439 billion or $835,000/minute. (Is that excluding funding specifically for Iraq and Afghanistan as it was last time around? If so, we're going to pass $1 million per minute in total defense spending very soon, what a mind boggling rate of spending.) Meanwhile, programs to help the poor and the elderly are being cut.
If we did nothing but hold the line on defense spending, we would do more to cut the defecit than if we go ahead with all of Bush's cuts that will disproportionately hurt those who most need help. Is $411 billion a year, over $780,000/minute, really not enough to support our military? I'm all for supporting our troops but, if we actually cut the support to everyone else with needs in this country in order to lower the budget defecit, is it really unreasonable to ask the military to make due with their already tremendous budget?
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