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12/09/2004

Escalating Price tag for Iraq

Back in October, John Kerry was routinely criticized for saying the Iraq war cost $200 billion. It turns out he wasn't so wrong.

The Bush administration, facing mounting violence in Iraq and demands for upgraded equipment, is assembling a funding package for operations in Iraq and Afghanistan that could surge beyond earlier estimates to as much as $75 billion to $100 billion, congressional sources and experts said on Thursday...

Two congressional sources said the size of the emergency spending bill, which President Bush will send to Congress early next year, could swell to between $75 billion and possibly $100 billion, depending on the level of violence in the coming months. That would include billions of dollars to upgrade equipment and purchase more armored vehicles. [Reuters]

 

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