An eye on war expense
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President-elect Barack Obama’s administration needs to monitor war spending much more closely than the current White House has, according to a study that criticizes President Bush’s approach to funding the Iraq and Afghanistan wars, the cost of which is projected to approach nearly $1 trillion next year.
The direct price tag of the two wars could grow to $1.7 trillion by 2018, the Center for Strategic and Budgetary Assessments reported last week. The war in Iraq alone has already cost more in inflation-adjusted dollars than every other U.S. war except World War II, the center says.
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