Tuesday, March 22, 2011
Cost of Libya Operation already piling up (Natonal Journal) -- "With U.N. coalition forces bombarding Libyan leader Muammar el-Qaddafi from the sea and air, the United States’ part in the operation could ultimately hit several billion dollars -- and require the Pentagon to request emergency funding from Congress to pay for it. The first day of Operation Odyssey Dawn had a price tag that was well over $100 million for the U.S. in missiles alone. And the U.S. military, which remains in the lead now in its third day, has pumped millions more into air- and sea-launched strikes targeting air-defense sites and ground-force positions along Libya’s coastline."
There seems to be basic economic maxims...
An individual, no matter how financially broke, always has enough $ for a pack of smokes and a beer. And the US government, no matter how financially broke, always has enough for war.
Posted by Susquehanna at Tuesday, March 22, 2011