President Obama announced recently with much fanfare that the number of U.S. troops in Iraq will be down to 50,000 by the end of August. All troops will withdraw by December next year. Clearly it is good news that the United States is finally extricating itself from what has been a long, bloody and unnecessary conflict. But drawing down the number of troops doesn't mean the end of spending money. Many of the biggest costs are still to be paid.
Bilmes, Linda J. "Iraq War Winds Down, but Costs Soar." San Francisco Chronicle, August 15, 2010.