Bush Plan for the Iraq War will Cost Trillions

Admin Posts : 75 Join date : 2007-09-18

Quote :: President Bush is reportedly intrigued by the so-called Korea model, wherein the U.S. has guaranteed security on the Korean peninsula with at least four U.S. Army combat brigades for half a century. Indeed, in his speech on Thursday, Bush declared himself ready to build an "enduring relationship" between the U.S. and Iraq.

The study, conducted by the Congressional Budget Office, decided to follow the Korea model to calculate its expense.

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A prior CBO study, released in August, estimated (large pdf) that U.S. costs in Iraq from 2009 to 2017 will total approximately $1 trillion on the assumption of a troop presence of 75,000. On top of that, under the reduced-force combat scenario envisioned in this CBO estimate, the U.S. will spend another $1 trillion by 2057 -- the lifespan of the U.S.'s Korean presence to date.