4.21.2006

One Hell of an Oops: Poor Planning May Drive Cost of Iraq War Over $1 Trillion

Yes, that's Trillion, with a T, just like Traitor, with a Bush.

From ABC News:

ABC analyst Tony Cordesman, who also holds the Arleigh A. Burke Chair in Strategy for the Center for Strategic and International Studies, says the exorbitant costs come down to poor planning.

"When the administration submitted its original budget for the Iraq war, it didn't provide money for continuing the war this year or any other. We could end up spending up to $1 trillion in supplemental budgets for this war."

According to the Center for Strategic and Budgetary Assessments, the United States spent $48 billion for Iraq in 2003, $59 billion in 2004, and $81 billion in 2005. The center predicts the figure will balloon to $94 billion for 2006. That equates to a $1,205 bill for each of America's 78 million families, on top of taxes they already pay.
And VP Cheney just got a $2 Million tax refund??????????????