Cost of Iraq War Rises for Louisiana

Tue, 08/01/2006

The Bush Administration has requested an additional $72.4 billion in supplemental funding primarily for the wars in Iraq and Afghanistan. An estimated $60.8 billion of the total is for the Iraq War. This will be the fifth request for war-related funding submitted by the administration and the sixth time Congress will appropriate funding for the Iraq War since it began. Upon approval, total spending for the Iraq War will reach more than $315 billion, including military, reconstruction funding and other Iraq War-related expenditures. Total spending on Iraq in fiscal year 2006 alone will be $101billion. The budgetary cost of the Iraq War was underestimated by the administration, human costs have been high, and the war continues unabated after nearly three years of fighting. Taxpayer Cost to Louisiana Fiscal years 2003-2005: $1.8 billion Fiscal year 2006: $826.2 million Prior to the war, the Director of the Office of Management and Budget stated that the costs would be between $50-$60 billion, and the White House discounted its own economic advisor when he suggested that the war could cost between $100-$200 billion. Cost to Cities Baton Rouge: $123.1 million New Orleans: $233.9 million Local costs based on relative population and income levels and state IRS data To find the cost to your town or county, go to: Total insurgent attacks in 2005 were 30% higher than in 2004. Car and roadside bombs nearly doubled in number. More than 2,275 U.S. soldiers have been killed and nearly 17,000 wounded. Louisiana has lost 52 soldiers and another 414 have been wounded. $340 million is included in this latest supplemental to provide for bonuses and incentive pay to ensure that the Army and Marine Corps can achieve their recruiting and retention goals.