"Rebuilding Iraq Likely to Top War's Cost
13 minutes ago
By ALAN FRAM, Associated Press Writer
WASHINGTON - The U.S. bill for rebuilding Iraq and maintaining security there is widely expected to far exceed the war's price tag, and some private analysts estimate it could reach as high as $600 billion. The Bush administration is offering only hazy details so far, and that is upsetting Republican as well as Democratic lawmakers. The closest the administration has come to estimating America's postwar burden was when L. Paul Bremer, the U.S. administrator of occupied Iraq, said last month that "getting the country up and running again" could cost $100 billion and take three years. He estimated that repairing Iraq's electrical grid alone will cost $13 billion and getting the water system in shape will require an additional $16 billion. In a recent interview on CNBC's "Capital Report," Bremer said of rebuilding costs: "It's probably well above $50 billion, $60 billion, maybe $100 billion. It's a lot of money."
Guess who is going to pay for it all and how they are going to pay for it !
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20030812/ap_on_re_mi_ea/iraq_costs&cid=540&ncid=716
13 minutes ago
By ALAN FRAM, Associated Press Writer
WASHINGTON - The U.S. bill for rebuilding Iraq and maintaining security there is widely expected to far exceed the war's price tag, and some private analysts estimate it could reach as high as $600 billion. The Bush administration is offering only hazy details so far, and that is upsetting Republican as well as Democratic lawmakers. The closest the administration has come to estimating America's postwar burden was when L. Paul Bremer, the U.S. administrator of occupied Iraq, said last month that "getting the country up and running again" could cost $100 billion and take three years. He estimated that repairing Iraq's electrical grid alone will cost $13 billion and getting the water system in shape will require an additional $16 billion. In a recent interview on CNBC's "Capital Report," Bremer said of rebuilding costs: "It's probably well above $50 billion, $60 billion, maybe $100 billion. It's a lot of money."
Guess who is going to pay for it all and how they are going to pay for it !
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20030812/ap_on_re_mi_ea/iraq_costs&cid=540&ncid=716