Bush's Costly War on Terror

Mark Thompson, Time Magazine: "The news that President Bush's war on terror will soon have cost the US taxpayer $1 trillion - and counting - is unlikely to spread much Christmas cheer in these tough economic times. A trio of recent reports - none by the Bush administration - suggests that sometime early in the Obama presidency, spending on the wars started since 9/11 will pass the trillion-dollar mark. Even after adjusting for inflation, that's four times more than America spent fighting World War I, and more than 10 times the cost of 1991's Persian Gulf War (90 percent of which was paid for by US allies). The war on terror looks set to surpass the cost of the Korean and Vietnam wars combined, to be topped only by World War II's price tag of $3.5 trillion."

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