Pentagon says Iran war has cost US taxpayers $47bn: What that means

The Pentagon has told lawmakers in the United States that the war on Iran has cost American taxpayers at least $47.1bn so far.The estimate, disclosed last week, comes just days before the November 3 midterm elections, which will determine if US President Donald Trump’s Republican Party will maintain control of Congress for the next two years.Recommended Stories list of 3 itemslist 1 of 3Espionage threats blur lines between security and dissent in Iranlist 2 of 3Are GCC countries looking for a regional security pact with Iran?list 3 of 3Fuel costs force US cruise ship to suspend multiyear voyage in Cambodiaend of listWe take a close look at the Pentagon estimate, and what it means for the US economy and the midterm elections.What has the Pentagon spending report revealed?The Pentagon told Congress that the cost of the US-Israel war on Iran as of October 16 had risen to at least $47.1bn.Congress officials shared the Pentagon’s cost estimate breakdown with The New York Times.According to the Times and other US media reports, the Pentagon’s estimate covers the operational costs of the war and includes a projected cost of $29bn needed to replace expended munitions such as bombs, bullets...