DeadCanDance
Senior Member
- May 29, 2007
- 1,414
- 127
- 48
The price of incompetence, and financing wars with borrowed money:
Iraq, Afghan wars could cost US 2.4 trillion: report
Oct 24 10:56 AM US/Eastern
Reuters: U.S. CBO estimates $2.4 trillion long-term war costs
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.
http://www.breitbart.com/article.php?id=071024145645.mf068wkv&show_article=1
EDIT:
Iraq, Afghan wars could cost US 2.4 trillion: report
Oct 24 10:56 AM US/Eastern
Reuters: U.S. CBO estimates $2.4 trillion long-term war costs
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.
http://www.breitbart.com/article.php?id=071024145645.mf068wkv&show_article=1
EDIT:
Trillion-dollar war: Afghanistan and Iraq set to cost more than Vietnam and Korea Combined
By Leonard Doyle in Washington
Published: 24 October 2007
President George Bush will have spent more than $1 trillion on military adventures by the time he leaves office at the end of next year, more than the entire amount spent on the Korean and Vietnam wars combined.
http://www.propeller.com/viewstory/.../world/americas/article3090340.ece&frame=true