Analysis says war could cost $1 trillion
Budget office sees effect on taxpayers for decade
By Bryan Bender
Boston Globe
WASHINGTON -- The war in Iraq could ultimately cost well over a trillion dollars -- at least double what has already been spent -- including the long-term costs of replacing damaged equipment, caring for wounded troops, and aiding the Iraqi government, according to a new government analysis.
The United States has already allocated more than $500 billion on the day-to-day combat operations of what are now 190,000 troops and a variety of reconstruction efforts.
In a report to lawmakers yesterday, the nonpartisan Congressional Budget Office estimated that even under the rosiest scenario -- an immediate and substantial reduction of troops -- American taxpayers will feel the financial consequences of the war for at least a decade.
The calculations include the estimated cost to leave some US forces behind for at least several years to support the Iraqi government, but they also predict other long-term costs, such as extended medical care and disability compensation for wounded soldiers and survivor's benefits for the families of the thousands of combat-zone fatalities.
The cost of the war in Iraq and other military operations has soared to the point where "we are now spending on these activities more than 10 percent of all the government's annually appropriated funds," said Robert A. Sunshine, the budget office's assistant director for budget analysis.
Those costs -- both to sustain the current mission in Iraq and to pay longer-term "hidden" expenses like troop healthcare and replacement equipment -- are far more than US officials advertised when Congress gave President Bush the authority to launch the invasion in March 2003.
At the time, the White House and then-defense secretary Donald Rumsfeld predicted a quick, decisive victory and counted on Iraqi oil revenues to pay for the war. And when Lawrence Lindsey, one of Bush's top budget advisers, estimated in 2003 that the entire undertaking could cost as much as $200 billion, he was fired.
Even that estimate -- which the Bush administration described at the time as far too high -- was still well off the mark. The Congressional Budget Office estimates that as of June, up to $500 billion has been spent on combat operations in Iraq.
(Continued here.)
By Bryan Bender
Boston Globe
WASHINGTON -- The war in Iraq could ultimately cost well over a trillion dollars -- at least double what has already been spent -- including the long-term costs of replacing damaged equipment, caring for wounded troops, and aiding the Iraqi government, according to a new government analysis.
The United States has already allocated more than $500 billion on the day-to-day combat operations of what are now 190,000 troops and a variety of reconstruction efforts.
In a report to lawmakers yesterday, the nonpartisan Congressional Budget Office estimated that even under the rosiest scenario -- an immediate and substantial reduction of troops -- American taxpayers will feel the financial consequences of the war for at least a decade.
The calculations include the estimated cost to leave some US forces behind for at least several years to support the Iraqi government, but they also predict other long-term costs, such as extended medical care and disability compensation for wounded soldiers and survivor's benefits for the families of the thousands of combat-zone fatalities.
The cost of the war in Iraq and other military operations has soared to the point where "we are now spending on these activities more than 10 percent of all the government's annually appropriated funds," said Robert A. Sunshine, the budget office's assistant director for budget analysis.
Those costs -- both to sustain the current mission in Iraq and to pay longer-term "hidden" expenses like troop healthcare and replacement equipment -- are far more than US officials advertised when Congress gave President Bush the authority to launch the invasion in March 2003.
At the time, the White House and then-defense secretary Donald Rumsfeld predicted a quick, decisive victory and counted on Iraqi oil revenues to pay for the war. And when Lawrence Lindsey, one of Bush's top budget advisers, estimated in 2003 that the entire undertaking could cost as much as $200 billion, he was fired.
Even that estimate -- which the Bush administration described at the time as far too high -- was still well off the mark. The Congressional Budget Office estimates that as of June, up to $500 billion has been spent on combat operations in Iraq.
(Continued here.)
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