"We will bankrupt ourselves in the vain search for absolute security."
Dwight D. Eisenhower
Dwight D. Eisenhower
an excerpt from:
War costs may total $2.4 trillion - USATODAY.com
WASHINGTON — The cost of the wars in Iraq and Afghanistan could total $2.4 trillion through the next decade, or nearly $8,000 per man, woman and child in the country, according to a Congressional Budget Office estimate scheduled for release Wednesday.
A previous CBO estimate put the wars' costs at more than $1.6 trillion. This one adds $705 billion in interest, taking into account that the conflicts are being funded with borrowed money.
The new estimate also includes President Bush's request Monday for another $46 billion in war funding, said Rep. John Spratt, D-S.C., budget committee chairman, who provided the CBO's new numbers to USA TODAY.
Assuming that Iraq accounts for about 80% of that total, the Iraq war would cost $1.9 trillion, including $564 million in interest, said Thomas Kahn, Spratt's staff director. The committee holds a hearing on war costs this morning.
"The number is so big, it boggles the mind," said Rep. Rahm Emanuel, D-Ill* * * * *
"The problem in defense is how far you can go without destroying from within
what you are trying to defend from without."
Dwight D. Eisenhower
"The problem in defense is how far you can go without destroying from within
what you are trying to defend from without."
Dwight D. Eisenhower
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