Impossible to exaggerate (almost)
Those are the words from Paul Bremer reported in the Washington Post about the cost of rebuilding Iraq. And guess who is going to have to pay? American taxpayers and foreign governments. We are going to ask those same foreign governments that did not support the war in the first place to pay billions. So that leaves the American taxpayer. This comes at a time when some are forecasting that we need $50 billion to $100 billion (see Businessweek News and Commentary) to improve our own power grid. Our own state and local governments are laying off employees for lack of revenue.
The Post article also points out that the Congressional Budget Office just forecast that the Federal budget deficit next year will be $480 billion, a new record. so how will all this play out in Congress? Again to quote the Post: "Rep. Jim Kolbe (R-Ariz.), chairman of the House Appropriations subcommittee that funds foreign aid, said the administration appears to be "essentially out of funds" for reconstruction and has appeared hesitant to give a swift accounting of what else is needed. "They erode their support when they don't have their act together or don't level with us," he said in a telephone interview." Read the entire article.
Two more US soldiers were killed today (Reuters report). More soldiers have died during the "post war" reconstruction period than died during actual combat operations. The guerrilla attacks show no signs of abating. Project the death rate over years, not months.
Is the cost in lives and treasury worth it? We will have to answer this question.
10:10:33 AM
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