Like about 90% of the news today, this would be terrific satire, if it wasn’t true.

America is dropping so many bombs on ISIS that the country is in danger of running out.

“We’re expending munitions faster than we can replenish them,” said Air Force Chief of Staff General Mark Welsh. Secretary of Defense Ash Carter has asked Congress to include funding for 45,000 “smart bombs” in the Defense Department’s 2017 budget. But it could take a while to rebuild the stockpile.

“The U.S. maintains a pretty steady inventory of bombs and missiles,” says one aerospace and defense policy analyst. “But 2.5 years of fighting ISIS and continued bombing in Afghanistan have exceeded weapons-use projections.”

Operation Inherent Resolve, the US’ military intervention against Islamic State, strikes ISIS targets with laser- and GPS-guided bombs, Joint Direct Attack Munition bombs, Joint Standoff Weapons, and air-to-ground missiles, such as the Hellfire. Per unit price tags on these munitions range from around $25,000 to close to $400,000. In the early days of the Syrian campaign the Navy fired multiple Tomahawk cruise missiles, which go for about $1 million a piece.

But bombs away, the overall cost of the fight against Islamic State in dollars is staggering; more than $2.7 billion so far, with the average daily cost around $11 million.

Since the June 2014 start of Inherent Resolve, the US and its coalition partners have flown 9,041 sorties, 5,959 in Iraq and 3,082 in Syria. More are launched every day. The US claims it has killed between 10,000 and 25,000 Islamic State fighters, quite a spread, but still, if accurate (which is doubtful), at best only a couple of bad guys per bombing run.

Not particularly efficient on the face of it, but – as Obama administration officials often emphasize – this is a “long war.”

The CIA estimated Islamic State had perhaps 20,000 to 30,000 fighters under arms in 2014. So somewhere between a third of them and all of them should now be gone. Evidently not, since recent estimates of Islamic State militants remain in that 20,000 to 30,000 range as 2016 began.

Somebody in Washington better do the math on this one.

Peter Van Buren blew the whistle on State Department waste and mismanagement during Iraqi reconstruction in his first book, We Meant Well: How I Helped Lose the Battle for the Hearts and Minds of the Iraqi People. His latest book is Ghosts of Tom Joad: A Story of the #99 Percent. Reprinted from the his blog with permission.