[Marxism] US Congress: Next Decade's Occupation Of Iraq, Afghanistan To Cost $795 Billion

David Quarter davidquarter at sympatico.ca
Thu Dec 2 23:54:20 MST 2004


From:           	Rick Rozoff 


http://www.defensenews.com/story.php?F=534299&C=america


Defense News (US)
December 2, 2004


U.S. Terror War Costs Could Reach $795B in 10 Years 
By WILLIAM MATTHEWS


-Expenses for Iraq, Afghanistan and enhanced security
are expected to total about $555 billion by 2014. 
-That’s not the complete bill for U.S. taxpayers,
however. Since the wars in Iraq and Afghanistan are
being funded with borrowed money, the cost of interest
on the debt must be factored into the bill. That could
add as much as $240 billion to the total, according to
the CBO. 



The war in Iraq is costing the United States $4.9
billion a month, and the war in Afghanistan is costing
another $0.8 billion, according to Rep. John Spratt of
South Carolina, the senior Democrat on the House
Budget Committee. 

As of Oct. 1, $157 billion had been spent on Iraq and
$69.2 billion had been spent on Afghanistan, Spratt
said in a recent summary of war costs prepared by
Budget Committee staffers and the Congressional Budget
Office (CBO). 

Another $4.4 billion has been spent to enhance
security in the United States and abroad. That brings
spending to $231 billion for those three elements of
the global war on terrorism [sic], Spratt said. 

The CBO estimates that the wars could cost the U.S.
government nearly twice that much over the next
decade. 

Expenses for Iraq, Afghanistan and enhanced security
are expected to total about $555 billion by 2014. That
calculation is based on the expectation that troop
levels remain steady — about 130,000 — through 2006
and then begin to decline. About 55,000 U.S. troops
would remain in Iraq and a few thousand would remain
in Afghanistan through 2014. 

That’s not the complete bill for U.S. taxpayers,
however. Since the wars in Iraq and Afghanistan are
being funded with borrowed money, the cost of interest
on the debt must be factored into the bill. That could
add as much as $240 billion to the total, according to
the CBO. 

Thus, the bill for the global war on terrorism could
come to $795 billion in the next decade. 









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