Inflation: The hidden cost of war

AntiWar.Com
by US Rep. Ron Paul (R-TX)

01/30/07

The Pentagon recently reported that it now spends roughly $8.4 billion per month waging the war in Iraq, while the additional cost of our engagement in Afghanistan brings the monthly total to a staggering $10 billion. Since 2001, Congress has spent more than $500 billion on specific appropriations for Iraq. This sum is not reflected in official budget and deficit figures. Congress has funded the war by passing a series of so-called ’supplemental’ spending bills, which are passed outside of the normal appropriations process and thus deemed off-budget. This is fundamentally dishonest: if we’re going to have a war, let’s face the costs — both human and economic — squarely. Congress has no business hiding the costs of war through accounting tricks...

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Informant: Thomas L. Knapp



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