Saturday, July 26, 2008

At $648 Billion, Cost Of Iraq War Almost Equal To Vietnam

In his 1999 book, A Charge To Keep, President Bush said he had “learned the lessons of Vietnam” about “never again ask[ing] the military to fight a political war.” After launching the Iraq war, in April 2004, Bush rejected the analogy that Iraq was turning into a quagmire like Vietnam:

Q: How do you answer the Vietnam comparison?

BUSH: I think the analogy is false.
Last August, however, President Bush reversed course and embraced the Vietnam analogy, stating Vietnam taught us that “the price of America’s withdrawal” is steep and painful.

In a new report, the Congressional Research Service (CRS) reveals that the real similarity between Iraq and Vietnam is in the price of staying. In constant FY2008 dollars, the Vietnam war cost the U.S. $686 billion. The Iraq war, at just over five years old, is priced at $648 billion:



Text taken from here.

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