The daily cost of Chimpy’s Vanity War has now surpassed the daily cost of the Vietnam War.
The U.S. war in Iraq now costs more per month than the average monthly cost of military operations in Vietnam in the 1960s and 1970s, according to a report issued on Wednesday.
The report, entitled “The Iraq Quagmire” from the Institute for Policy Studies and Foreign Policy in Focus, both liberal, anti-war organizations, put the cost of current operations in Iraq at $5.6 billion per month. This breaks down to almost $186 million a day.
“By comparison, the average cost of U.S. operations in Vietnam over the eight-year war was $5.1 billion per month, adjusting for inflation,” it said.
“Broken down per person in the United States, the cost so far is $727, making the Iraq War the most expensive military effort in the past 60 years,” wrote authors Phyllis Bennis and Erik Leaver.
Damage estimates along the Gulf Coast have been pegged at $26 billion – equal to the cost of five months of US operations in Iraq.