U.S. War Spending to Drop to “Only” $360 Million a Day

[The Straight Story]

U.S. War Spending to Drop to “Only” $360 Million a Day

The United States is spending less these days on its overseas wars, compared to the peak period a few years ago. But that doesn’t mean the cost of continuing combat operations isn’t absorbing a tremendous amount of money.

Not including the normal defense budget, funding for the wars in Afghanistan and Iraq will pass $1.4 trillion in the coming year. Since September 11, 2001, war spending peaked in 2008 at $186 billion. The following year, combined spending for Afghanistan and Iraq dipped to $155 billion, before rising up to $165 billion in 2010 and $168 in 2011.

Now, it’s “really” down—to $131.6 billion—for 2012. That averages out to about $360 million a day…or $250,000 a minute.

Although the Iraq War has absorbed more money than the Afghanistan War—$823 billion to $557 billion—Afghanistan overtook Iraq in FY 2010 and currently accounts for 86% of U.S. war spending.

http://www.allgov.com/Where_is_the_Money_Going/ViewNews/US_War_Spending_to_Drop_to_Only_360_Million_Dollars_a_Day_110502

[robinlynne]

1. But we are currently spending 25% on the military than under Bush!!!! those figures

about what is war and what is not war can easily be manipulated. We are not "at war" in Iraq, right?