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Wednesday, October 24, 2007

And This Will Be the Bush Administration's Legacy

"We will bankrupt ourselves in the vain search for absolute security."
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

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"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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