22/03/2011 |

Reminder: Libya intervention comes at a cost

March 22, 2011 by IPB

From a Fox News blog, of all places:

“GOP leaders have trumpeted enacted spending reductions that amount to more than $285 million per day since the beginning of March.

“But defense analysts say the Pentagon could be burning through more than $100 million per day in Libya, putting those budget savings at risk.

“In separate briefings on Monday, the Defense Department and the White House said they do not yet have a projected price tag for the military action that began on Saturday. Defense officials said they are still ‘collecting’ and analyzing early costs.”

Read the whole post here. More info at Reuters.