“The war in Iraq could ultimately cost well over a trillion dollars — at least double what has already been spent — including the long-term costs of replacing damaged equipment, caring for wounded troops, and aiding the Iraqi government, according to a new government analysis. The US has already allocated more than $500 billion on the day-to-day combat operations of what are now 190,000 troops and a variety of reconstruction efforts.”Analysis says war could cost $1 trillion:Budget office sees effect on taxpayers for decade,By Bryan Bender, Boston Globe 8/1/07
“The fiscal impact of Hurricane Katrina, the most costly natural disaster in U.S. history, shows no sign of ending.
Congress has already approved $122 billion in spending, and is now paving the way for Gulf Coast states to get billions more. As much as $20 billion for coastal restoration could come from offshore-drilling royalties in the next few decades. Louisiana has been seeking $14 billion for that purpose.” Katrina cost continues to swell
By Richard Wolf, USA TODAY, 8/22/07
