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View Full Version : Iraq Occupation Could Cost $29B a Year



Seraphim
09-02-2003, 08:47 PM
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20030902/ap_on_re_mi_ea/iraq_us_costs

http://us.news2.yimg.com/us.yimg.com/p/ap/20030902/capt.1062531707.iraq_us_msr101.jpg

U.S. Army soldiers Spc. Teaance Peters of Sulphur Spring, Tx., foreground, and Spc. Chad Anderson of South Dakota both from the 14th Engineering Battalion of the 4th Infantry Division patrol the Tigris river in Tikrit, about 110 miles (180 kilometers) northwest of Baghdad, Iraq (news - web sites), Tuesday Sept. 2, 2003. Tikrit is the hometown ousted leader Saddam Hussein (news - web sites). (AP Photo/Murad Sezer)


By ALAN FRAM, Associated Press Writer

WASHINGTON - A U.S. occupation of Iraq (news - web sites) that relies on the creation of two new Army divisions could cost up to an estimated $29 billion annually, according to an analysis by the Congressional Budget Office (news - web sites).


Relying on existing soldiers serving one-year tours would cost as little as $8 billion a year but would mean the force would steadily shrink as troops were rotated out of Iraq, the study said.


The report, released Tuesday, was requested by Sen. Robert Byrd, D-W.Va., one of Congress' most outspoken critics of Bush administration policy in Iraq. In remarks on the Senate floor, Byrd said the report "is quantified evidence that the long-term occupation is straining our forces close to the breaking point."


The nonpartisan budget office said the Army could not keep a force in Iraq of its current size beyond March 2004 if it retains its current policy of rotating most troops out of the country after a year. The force would have to shrink to no more than 64,000 under that policy — down from the more than 180,000 U.S. military personnel in Iraq and neighboring countries, the report said.


Creating two new divisions would allow a force of up to 129,000 personnel, CBO said.


The study excluded any cost estimates for rebuilding Iraq, which administration officials have said could cost billions of dollars.

budanski
09-02-2003, 10:35 PM
For comparison... WTC rebuilding costs $100 billion +

GazB
09-03-2003, 07:41 AM
"For comparison... WTC rebuilding costs $100 billion +"

You sure? Cyclone damage that floods cities doesn't cost that much.

Even if it did cost that much... at least you get to own and keep the building... the Iraqis want their country back and will probably get it eventually.

mocking_loudly
09-03-2003, 08:55 AM
$29 billion?....dude I only have $10....you guys got any money?.

budanski
09-03-2003, 10:13 AM
You sure? Cyclone damage that floods cities doesn't cost that much.

Even if it did cost that much... at least you get to own and keep the building... the Iraqis want their country back and will probably get it eventually.

WTC Attack Cost May Reach 105 Billion Dollars: Official Report (http://fpeng.peopledaily.com.cn/200110/05/eng20011005_81619.html)

GazB
09-04-2003, 08:36 AM
"45 billion dollars for the value of the ruined buildings and the loss of tax revenue derived from those people killed, and 45 billion to 60 billion dollars for ongoing costs, such as lost economic activity over the next two fiscal years, he said in a report. "

That isn't 100 billion to replace a building, that is a mayor bleating on about how much tax they are missing out from the dead people and from the effect of the attack on the area financially.