Report: Bush masked cost of wars that could top $1.7 trillion

Even if Barack Obama draws down troops in Iraq like he's promised, a new report finds the US is on pace to have spent nearly $2 trillion on military operations including Iraq and Afghanistan over the next decade.

The nonpartisan Center for Strategic and Budgetary Assessments found that the $687 billion spent so far on Iraq has cost the US more than every conflict aside from World War II. With the $184 billion in Afghanistan, the two main conflicts of the war on terror have proved to be 50 percent more expensive than Vietnam.