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Terror war is 4th most expensive U.S. war
By UPI
08/29/05 -- -- WASHINGTON, DC, United States (UPI) -- The war on terror, being fought in Iraq and Afghanistan, is the fourth-most expensive military operation in U.S. history, and is moving in on the No. 3 spot.
Military spending experts figured the cost of the war, some using government data and others extrapolating out costs such as future veterans` benefits, to come up with a price tag for the conflicts in Afghanistan and Iraq, the Christian Science Monitor reported.
In inflation-adjusted dollars, the newspaper said, the war on terror ranks behind World War II, Vietnam and the Korean War. By the end of September the military cost of the war on terror, which began shortly after the Sept. 11, 2001, attacks with the invasion of Afghanistan, will top $250 billion. Costs for the Korea War totaled $361 billion, Yale University economist William Nordhaus told the Monitor.
Linda Bilmes, with the Kennedy School of government at Harvard University, told the newspaper she figured that if the war lasts another five years, the total bill will be about $1.4 trillion.
Copyright 2005 by United Press International
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