Cost of Iraq war: $500 Billion

The real costs associated with the war in Iraq is not seen to be a half a trillion dollars.

From McClatchy Newspapers via Capitol Hill Blue:

The bitter fight over the latest Iraq spending bill has all but obscured a sobering fact: The war will soon cost more than $500 billion.

That's about ten times more than the Bush administration anticipated before the war started four years ago, and no one can predict how high the tab will go. The $124 billion spending bill that President Bush plans to veto this week includes about $78 billion for Iraq, with the rest earmarked for the war in Afghanistan, veterans' health care and other government programs.

Congressional Democrats and Bush agree that they cannot let their dispute over a withdrawal timetable block the latest cash installment for Iraq. Once that political fight is resolved, Congress can focus on the president's request for $116 billion more for the war in the fiscal year that starts on Sept. 1.