WASHINGTON (Reuters) - The price of a post-war U.S. occupation of Iraq could be so big that some experts fear it would make the cost of combat alone pale in significance. This is especially true because consideration of the war's ultimate price tag, and how to pay it, comes at a time the US government is already awash in red ink. 

This week, the White House asked Congress for almost $75 billion in extra money to pay for a relatively short war in Iraq. While Congress has yet to set aside funding for rebuilding in the current budget debate, worries over the war's eventual costs were cited in the Senate's Tuesday vote to whack President Bush's proposed 10-year tax cut of $726 billion in half. 

For a government that spends more than $2 trillion a year, a one-time expense of $75 billion is relatively small. It will, however, add to what the Bush administration has already estimated will be a record budget shortfall of $304 billion in 2003 and it will mean additional debt will be added to the government's current outstanding debt of $6.400 trillion...

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269 hits Rate me! Share Favorite | Flag 19 years ago by KikiPeepers

Do you think the cost of rebuilding Iraq will be a huge burden on the American economy?
WASHINGTON (Reuters) - The price of a post-war U.S. occupation of Iraq could be so big that some experts fear it would make the cost of combat alone pale in significance. This is especially true because consideration of the war`s ultimate price tag, and how to pay it, comes at a time the US government is already awash in red ink.

This week, the White House asked Congress for almost $75 billion in extra money to pay for a relatively short war in Iraq. While Congress has yet to set aside funding for rebuilding in the current budget debate, worries over the war`s eventual costs were cited in the Senate`s Tuesday vote to whack President Bush`s proposed 10-year tax cut of $726 billion in half.

For a government that spends more than $2 trillion a year, a one-time expense of $75 billion is relatively small. It will, however, add to what the Bush administration has already estimated will be a record budget shortfall of $304 billion in 2003 and it will mean additional debt will be added to the government`s current outstanding debt of $6.400 trillion...

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19 yrs ago, 1 mos ago - Friday 3/28/03 - 1:31:31 PM EST (GMT-5)
Yes, but our financial aid is a moral obligation at this point...It's unfortunate that we'll all have to feel the crunch, but that's one of the by-products of our intense involvement in world affairs. Given a choice, I'd rather suck it up than know that my government was willing to demolish a country and then abandon its people to fend for themselves.
19 yrs ago, 1 mos ago - Friday 3/28/03 - 1:35:30 PM EST (GMT-5)
Won't a good bit of the rebuilding be funded through the sales of Iraqi oil?
19 yrs ago, 1 mos ago - Saturday 3/29/03 - 1:11:01 AM EST (GMT-5)
Sales of the oil to who? Them selling it to us, or are we just going to take it and sell it for ourselves?
19 yrs ago, 1 mos ago - Saturday 3/29/03 - 1:17:08 AM EST (GMT-5)
us usiness are gonna rebuild iraq so it will create more jobs there for stimulating the economy
19 yrs ago, 1 mos ago - Sunday 3/30/03 - 1:22:17 PM EST (GMT-5)
I believe it was stated by the US that the people of Iraq will be the ones to profit from the sales of their oil.
19 yrs ago, 1 mos ago - Saturday 4/5/03 - 11:55:47 PM EST (GMT-5)
well yeah it will effect our economy. i say just let the iraqis rebuild it for themselves.
19 yrs ago - Saturday 4/26/03 - 8:18:55 PM EST (GMT-5)
yes



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