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As the United States enters day four of Operation Epic Fury—its sweeping military campaign against Iran, launched in partnership with Israel—the financial toll on American taxpayers is beginning to come into focus to budget watchers in the Beltway and academia. According to Kent Smetters, director of the Penn Wharton Budget Model (PWBM) and one of the nation’s foremost fiscal analysts, the total economic cost of the strikes could reach as high as $210 billion.