Estimates on Iraq-War Costs


	Estimates on Iraq-War Costs

BobbyDelray

11-15-2007 9:46 PM

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tags:

iraq, war, costs, budget

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11-15-2007 11:01 PM

raven714

Congress released a bill today that would only give Bush $50 billion for the next 4 months, with the understanding to bring all the troops home by 12/25/2008.
If Bush vetoes this bill then he gets nothing, and congress stands firm on this.
Bush is pissed, and I'm just wondering will congress give in on this or hold up to there word.
Congress values not to give in, but I'll believe it when I see it.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/78bc705b-4b0c-4eb1-97e3-9457c197395a/734DF9F3-8288-404D-A074-D5CC6A86166A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/" href="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">How much has the war in Iraq cost the U.S.?</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">The most-basic estimate covers only spending to date, and is limited to budgetary items of military and diplomatic operations in Iraq. The Congressional Budget Office put those costs at about $400 billion in <A href="http://www.cbo.gov/ftpdocs/86xx/doc8690/10-24-CostOfWar_Testimony.pdf">testimony</A> last month before a House panel.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">But start projecting forward 10 years</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">and you get a wide range of figures, all the way up to $3.5 trillion.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">The latest estimate came this week from Congressional Democrats. The Joint Economic Committee’s majority staff released a <A href="http://www.jec.senate.gov/Documents/Reports/11.13.07IraqEconomicCostsReport.pdf">report</A> estimating the costs incurred so far in Iraq and Afghanistan at $1.6 trillion, and pegs costs through 2017 at $3.5 trillion. The report received widespread press coverage, including on <A href="http://www.cnn.com/2007/POLITICS/11/13/hidden.war.costs/index.html">CNN</A> and in the <A href="http://www.washingtonpost.com/wp-dyn/content/article/2007/11/12/AR2007111202008.html">Washington Post</A>.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">Republicans responded by <A href="http://www.house.gov/jec/news/2007/Nov/JEC%20GOP%20Response.pdf">criticizing</A> the report for “errors and poor methodology,” but didn’t offer their own estimate. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/blogs.wsj.com/img/7308A2B6-7A69-4AF3-8053-F271809C6C50" alt="Iraq" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">The CBO</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">estimated total budget costs through 2017</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">between $1.2 trillion and $1.7 trillion</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/parsing-the-estimates-on-iraq-war-costs-226/">interest costs between $600 and $700 billion</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/734DF9F3-8288-404D-A074-D5CC6A86166A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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