Keynes would be proud. Part of the U.S. offensive in Iraq involves targeting millions of dollars of its own equipment given to the Iraqi Army during the U.S. occupation and later seized by Islamic State militants after they seized two Iraqi military bases this summer. According to Reuters, some of the hardware the U.S. is attempting to destroy includes M1 Abrams tanks (about $6 million per), Mine-Resistant Ambush Protected Vehicles (about $1 million per), and 53 M198 Howitzer cannons ($527,337 per). Reuters estimates that the U.S. spends somewhere between $84,000 and $104,000 to destroy between $1 and $12 million of its own military hardware per airstrike.
Posted on: Tue, 19 Aug 2014 23:31:56 +0000
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