Your tax is working well, it's not for you or your family but to play evinl events of the represantaveof Evil and who lead war against humanity. pay more watch the dramma. your leader is not lossing but you ango amrican people losing and who others supporting them.
No "Charge-free" Iraq War Drain on US Budget: Report
CAIRO, April 28, 2006 (IslamOnline.net) Fighting a
no "charge-free" war unlike the 1990-91 Gulf War thanks to generous Gulf contributions, the US occupation of Iraq cost American taxpayers and the state coffers a staggering $6 billion a month or $200 million a day with federal budget deficit running at near record levels, a leading British newspaper reported on Friday, April 28.
With no end in sight to the soaring occupation costs, the US administration has been disillusioned with Iraq's rich oil resources as it first hoped that they might pay for the occupation costs as the Arab country sit on the world's second largest oil reserves after Saudi Arabia, The Independent reported.
According to a report by the non-partisan Congressional Research Service (CRS), various "key war cost questions" and "major unknown lie ahead.
So far, the occupation of Iraq has already cost the United States $320bn (£180bn), according to the CRS.
The Bush administration has refused to provide any specific overall figure for the war's cost.
The administration has
awarded lucrative oil and reconstruction contracts to giant US firms, chiefly Halliburton and Bechtel Group.
The New York Times reported on April 24 that a Halliburton's subsidiary, that was awarded a $2.4 billion no-bid contract, has mishandled the construction of a key pipeline crossing, which was presumed to be the main link between Iraq's rich northern oil fields and the export terminals and refineries that could generate much-needed gasoline, heating fuel and revenue for "reconstruction costs."
Although the failures of that
effort are routinely attributed to "insurgent" attacks, the paper says, an examination of this project shows that troubled decision-making and execution have played equally important roles.
Vietnam War
The paper says that even if the US started withdrawing some of its troops this year, the conflict is set to be more expensive in real terms than the Vietnam War, a generation ago.
In today's
dollars, according to CRS analysis, the eight-year Vietnam war cost only $549bn, much less than the $690bn projected for Iraq, and a combined $811bn bill for the wars in Iraq and Afghanistan.
Now the Senate is set to approve another emergency spending bill in May, meaning that Iraq will have consumed $101bn in fiscal 2006 alone, almost double the $51bn of 2003, the year of the invasion itself.
A study by Joseph Stiglitz, the Columbia University economist and former Nobel Prize winner, and the Harvard lecturer Linda Bilmes drew further a bleak financial picture.
They reckoned the conflict could ultimately cost $2 trillion, if all factors are taken into account.
These include the long-term healthcare costs for the 16,000 US soldiers already wounded in the conflict, and other indirect or hidden costs such as the rise in the price of oil, the need to finance larger budget deficits, higher recruiting costs and losses to the economy caused by the wounded.
The invasion-turned-occupation of Iraq has proved a
thorn in the US administration's side with growing calls at home on President George W. Bush to withdraw the troops as soon possible with death tool among US soldiers hitting more than 2,400 as the occupation enters its fourth year.
The administration claimed in the run-up to the war that Baghdad had extensive stockpiles of chemical and biological weapons and was working clandestinely to build a nuclear arsenal, therefore, presenting a threat to the world.
An extensive CIA-led probe undertaken after the US military took control of Iraq failed to turn up any such weapons.
The Americans were increasingly supporting the impeachment of the wartime president for misleading the American public and lying to them about his Iraq war.
A Zogby International poll showed last month that 51 percent of respondents agreed that Bush should be impeached if he lied about Iraq.
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