Congress, the media, and the public are rightly asking whether America should be spending $1 billion or more on the intervention in Libya at a time of fiscal austerity. One member of Congress has even proposed that the mission be offset dollar for dollar by cuts in domestic programs (leaving the Pentagon and related security programs off limits).
The $1 billion in projected spending on Libya is just one tenth of one percent of the over $1 trillion the United States has spent so far on the wars in Iraq and Afghanistan. Looked at another way, the likely costs of the Libyan mission are the equivalent of less than four days of spending on the war in Afghanistan.
Read more here: William Hartung: America’s Costliest War.