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Friday, May 19, 2006

ABC Says Iraq War Will Cost Nearly One Trillion Dollars.

Even if America Quits Iraq by 2008!

Here is an excerpt from an article on ABC News saying that the war will cost about $1 Trillion U.S. Dollars if we leave Iraq within two years. As of this date we have already paid over $1100 dollars for every American taxpaying family on top those families already pay the federal government. That cost does not include ongoing medical and rehabilitation costs for our tens of thousands of injured troops often needing lifetime care and support. The costs of the War ultimately could go into 3 or 4 Trillion dollars when those costs are factored in. One should not forget that the war has certainly resulted in sharp increases in the price of oil which could be easily be calculated into the trillions of dollars as well. Having over 2000 dead Americans, 20,000 wounded and maimed for a war based on a lie is certainly intolerable enough, but adding insult to injury, the war in which Jewish extremist Neocons Perle and Wolfowitz promised to cost 40 or 50 Billion dollars has also turned out to be one more lie in war not even fought for America, but for a foreign nation, Israel.

By KEITH GARVIN

April 20, 2006 — There are many uncertainties about the progress made by coalition forces and the future prospects for stability and democracy in Iraq, but there is at least one indisputable fact: The Bush administration vastly underestimated the costs of the Iraq war.

Not only in human lives, but in monetary terms as well, the costs of the U.S.-led invasion of Iraq far exceed the administration’s initial projection of a $50 billion tab. While the number of American casualties in Iraq has declined this year, the amount of money spent to fight the war and rebuild the country has spiraled upward.

The price is expected to almost double after lawmakers return to Capitol Hill next week when the Senate takes up a record $106.5 billion emergency spending bill that includes $72.4 billion for the wars in Iraq and Afghanistan. The House passed a $92 billion version of the bill last month that included $68 billion in war funding. That comes on top of $50 billion already allocated for the war this fiscal year.

Poor Planning Could Push War Costs to $1 Trillion
ABC analyst Tony Cordesman, who also holds the Arleigh A. Burke Chair in Strategy for the Center for Strategic and International Studies, says the exorbitant costs come down to poor planning.

Here’s the link for the rest of the article: http://abcnews.go.com/International/story?id=1866779&page=1

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