President-elect Barack Obama's administration needs to monitor war spending much more closely than the current White House has, according to a new study that criticizes President Bush's approach to funding the Iraq and Afghanistan wars -- a bill that is projected to approach nearly $1 trillion next year.
Even with declining troop numbers in Iraq, the direct price tag of the two wars could grow as high as $1.7 trillion by 2018, the Center for Strategic and Budgetary Assessments reported last week. The defense think tank's figure does not include potentially hundreds of billions more in indirect economic and social costs, such as higher oil prices and lost wages.
The war in Iraq alone has already cost more in inflation-adjusted dollars than every other U.S. war except World War II, the CSBA found.
TVNL Comment: The war was started in order to loot this nation. The same people that privatized much of the military also profit from the private military complex of corporations. They weakened the military and made them dependent on private companies. Then they started the wars. It was always about the money for some of them.
The news that President Bush's war on terror will soon have cost the U.S. 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 U.S. allies). The war on terror looks set to surpass the cost the Korean and Vietnam wars combined, to be topped only by World War II's price tag of $3.5 trillion.
Maybe 59 million Americans were not dumb enough to elect George W. Bush as their president in the 2000 and the 2004 elections. Maybe the exit polls were correct after all and the vote results were not.
What may be the nation's largest spill of coal ash lay thick and largely untouched over hundreds of acres of land and waterways Wednesday after a dam broke this week, as officials and environmentalists argued over its potential toxicity.
The United States faces the possibility of much more rapid climate change by the end of the century than previous studies have suggested, according to a new report led by the U.S. Geological Survey. 
The research arm of the US Department of Justice is working on two portable non-lethal weapons that inflict pain from a distance using beams of laser light or microwaves, with the intention of putting them into the hands of police to subdue suspects.
