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  #1  
Old Posted Oct 25, 2007, 3:33 AM
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Iraq, Afghan wars could cost US 2.4 trillion: report

Nice to see US tax dollars well spent, all this would have paid for rapid transit, LRT's etc. to be used when the world oil reserves are depleted in another 25-30 years! Way to go Dubya



The total cost, including debt servicing, of the US wars in Iraq and Afghanistan could reach 2.4 trillion dollars by 2017, a report by the Congressional Budget Office found Wednesday.

The report, by the body which provides non-partisan budget analysis for Congress, said higher estimates for spending for the wars could top out at 1.7 trillion dollars by the end of the next ten year period.

Under the most intense scenarios of US military activity, a further 705 billion dollars could be added to the cost by interest payments, assuming the wars continue to be largely financed by government borrowing, the report said.

The estimate contains estimated costs up to 2007 for military and diplomatic operations in Iraq and Afghanistan and other war on terror spending.

It also includes related spending on medical care and disability compensation for veterans, and survivors benefits.

To reach its final estimates, the budget office projected the total cost over the next 10 years under two scenarios, one evisaging a sharp drawdown of US troops abroad, the other under a more gradual drawdown.

"Total spending for US operations in Iraq and Afghanistan and other activities related to the war on terrorism would amount to between 1.2 trillion and 1.7 trillion for fiscal years 2001 to 2017," the report said.

For the first time, however, the CBO included debt servicing costs if past and future spending on the war were financed entirely by borrowing.

Under that assumption, interest costs for spending on the war on terror between 2001 and now and up to 2017 would be 415 billion dollars the report said.

A further 290 billion dollars would be added to the price of the wars, if higher end estimates of spending between now and 2017 are added, the report said.
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  #2  
Old Posted Feb 11, 2008, 2:12 AM
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Quote:
Originally Posted by rrskylar View Post
Nice to see US tax dollars well spent, all this would have paid for rapid transit, LRT's etc. to be used when the world oil reserves are depleted in another 25-30 years! Way to go Dubya



The total cost, including debt servicing, of the US wars in Iraq and Afghanistan could reach 2.4 trillion dollars by 2017, a report by the Congressional Budget Office found Wednesday.

The report, by the body which provides non-partisan budget analysis for Congress, said higher estimates for spending for the wars could top out at 1.7 trillion dollars by the end of the next ten year period.

Under the most intense scenarios of US military activity, a further 705 billion dollars could be added to the cost by interest payments, assuming the wars continue to be largely financed by government borrowing, the report said.

The estimate contains estimated costs up to 2007 for military and diplomatic operations in Iraq and Afghanistan and other war on terror spending.

It also includes related spending on medical care and disability compensation for veterans, and survivors benefits.

To reach its final estimates, the budget office projected the total cost over the next 10 years under two scenarios, one evisaging a sharp drawdown of US troops abroad, the other under a more gradual drawdown.

"Total spending for US operations in Iraq and Afghanistan and other activities related to the war on terrorism would amount to between 1.2 trillion and 1.7 trillion for fiscal years 2001 to 2017," the report said.

For the first time, however, the CBO included debt servicing costs if past and future spending on the war were financed entirely by borrowing.

Under that assumption, interest costs for spending on the war on terror between 2001 and now and up to 2017 would be 415 billion dollars the report said.

A further 290 billion dollars would be added to the price of the wars, if higher end estimates of spending between now and 2017 are added, the report said.
With all that money you can build the Dubai of the United States of America
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  #3  
Old Posted Feb 11, 2008, 5:25 PM
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It really is sad to see Bush commit suicide politically and take his family's legacy down with it.
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  #4  
Old Posted Feb 22, 2008, 6:34 AM
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  #5  
Old Posted Feb 23, 2008, 3:30 AM
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Excellent link; puts the Iraq war in perspective.
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  #6  
Old Posted Feb 26, 2008, 4:47 AM
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Now that I think about it, what I don't understand is that while people don't complain about permanent U.S. troop bases in Korea, they whine about the idea of having permanent troop bases in Iraq and Afghanistan.
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  #7  
Old Posted Mar 14, 2008, 7:03 PM
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Maybe we should look at the positive.


Finally.............after 8 LONG years of deceptive War-On-Terror s, the Bush Administration's rule is at last coming to an end.
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