As Iraq Costs Soar, Contractors Earn Record Profits

By Eli Clifton


Credit:DoD/Staff Sgt. Dennis J. Henry Jr., U.S. Air Force.

U.S. soldiers on patrol in southwest Baghdad, Jul. 28, 2007.


WASHINGTON, Aug 2 (IPS) – In a report to lawmakers earlier this week, the non-partisan Congressional Budget Office found that the war in Iraq could cost U.S. taxpayers over a trillion dollars when the long-term costs of caring for soldiers wounded in action, military and economic aid for the Iraqi government, and ongoing costs associated with the 190,000 troops stationed in Iraq are totaled up.

White House Office of Management and Budget Director Mitch Daniels’ 2003 estimate that the war in Iraq could cost 50-60 billion dollars stands in stark contrast to the 500 billion dollars already allocated to the conflict in Iraq and reconstruction projects.

Read more

Advertisements

Leave a comment

No comments yet.

Comments RSS TrackBack Identifier URI

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s