Studies: Iraq War Will Cost $12 Billion A Month In 2008

By: AP Email
By: AP Email

Undated (AP) A new book is estimating the war in Iraq will cost about $12 billion a month this year.

The authors, including a Nobel prize-winning economist, also predict the total cost of the military operations in Iraq and Afghanistan by 2017 could reach $2.7 trillion or more.

They say interest on money borrowed to pay those costs could alone add $816 billion to the bottom line.

The nonpartisan congressional budget office has done its own projections and comes in lower. It's forecasting a cumulative cost by 2017 of $1.2 trillion to $1.7 trillion for the two wars, with Iraq generally accounting for three-quarters of the costs

KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 16457891 -
Gray Television, Inc.