Why am I not surprised? The way the military makes a public estimate about the costs of the latest corporate welfare project is to take the private estimate and divide by ten. And the private estimate is always too low.
US military operations in Libya are on course to cost hundreds of millions of dollars more than the Pentagon estimated, according to figures obtained by the Financial Times.
Robert Gates, the outgoing secretary of defence, said last month that the Pentagon expected to spend “somewhere in the ball park of $750m” in the 2011 fiscal year as part of efforts to protect the Libyan people.
But according to a Pentagon memo which includes a detailed update on the progress and pace of operations, by mid-May US operations in Libya had cost $664m, a figure confirmed by the Department of Defence.
via FT.com / Middle East & North Africa – Pentagon sees Libya military costs soar.
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