| otherone4life |
A new Congressional study finds that President Bush's plans for the U.S. in Iraq over the next several decades will reach the trillions of dollars, on top of the approximately $567 billion the war has already cost. That accounting assumes a significant troop drawdown -- and still tallies a daunting expense for the United States [...]
A prior CBO study estimated that U.S. costs in Iraq from 2009 to 2017 will total approximately $1 trillion. On top of that, under the reduced-force combat scenario envisioned in this CBO estimate, the U.S. will spend another $1 trillion by 2057 -- the lifespan of the U.S.'s Korean presence to date.
All estimates are in 2008 dollars. Both estimates are arguably conservative. In the combat scenario, for instance, Army units serve 12-month tours, whereas they now serve 15-month tours. In the non-combat scenario, the CBO ratcheted down the Defense Department's cost-of-war estimates to reflect "lower costs for such items as equipment maintenance, fuel and consumable materials." |
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| Porcupine |
| Rumsfeld before the war, when told that some reports put the Iraq War estimate at over $300 billion, much more than the $50 billion quoted by Rumsfeld: "Belony!" |
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