War costs are hitting historic proportions
The price tag for the Iraq conflict and overall effort against terrorism is expected to surpass Vietnam’s next year.
By Joel Havemann, Times Staff Writer
January 14, 2007
WASHINGTON — By the time the Vietnam war ended in 1975, it had become America’s longest war, shadowed the legacies of four presidents, killed 58,000 Americans along with many thousands more Vietnamese, and cost the U.S. more than $660 billion in today’s dollars.
By the time the bill for World War II passed the $600-billion mark, in mid-1943, the United States had driven German forces out of North Africa, devastated the Japanese fleet in the Battle of Midway, and launched the vast offensives that would liberate Europe and the South Pacific.
The Iraq war is far smaller and narrower than those conflicts, and it has not extended beyond the tenure of a single president. But its price tag is beginning to reach historic proportions, and the budgetary “burn rate” for Iraq may be greater than in some periods in past wars.
