An eye on war expense
President-elect Barack Obama’s administration needs to monitor war spending much more closely than the current White House has, according to a study that criticizes President Bush’s approach to funding the Iraq and Afghanistan wars, the cost of which is projected to approach nearly $1 trillion next year.
The direct price tag of the two wars could grow to $1.7 trillion by 2018, the Center for Strategic and Budgetary Assessments reported last week. The war in Iraq alone has already cost more in inflation-adjusted dollars than every other U.S. war except World War II, the center says.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
