Post by unlawflcombatnt on Feb 11, 2008 16:16:08 GMT -6
Democratic Congressman Michael Michaud from Mained has posted an assessment of the current cost of the Iraq War, and estimates of future costs.
$700 billion has already been spent on the wars in Afghanistan and Iraq.
Total cost, including future predictions, vary between $1.2 trillion and $1.7 trillion, running through 2017. Even the $1.7 trillion estimate, however, assumes a drawdown of troops to 75,000. Below are links to the estimate, and page 2 of the assessment. (The link to the Iraq War Cost Estimate apparently doesn't work unless you first go to Congressman Michaud's site.
Congressman Michael Michaud's site:
michaud.house.gov/article.asp?id=95
After you get to Michaud's site,
go to left margin under the area labeled ''FEATURES"
then click on:
" >>Report - Iraq and Afghanistan Cost "
"
The Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11
Summary
With enactment of the FY2008 Consolidated Appropriations Act (H.R. 2764/P.L. 110-161 on December 26, 2007, Congress has approved a total of about
$700 billion for military operations, base security, reconstruction, foreign aid, embassy costs, and veterans’ health care for the three operations initiated since the 9/11 attacks: Operation Enduring Freedom (OEF) Afghanistan and other counter terror operations; Operation Noble Eagle (ONE), providing enhanced security at military bases; and Operation Iraqi Freedom (OIF).
This $700 billion total covers all war-related appropriations from FY2001 in supplementals, regular appropriations, and continuing resolutions including not quite 1/2 of the FY2008 request. Of that total, CRS estimates that Iraq will receive about $526 billion (75%), OEF about $140 billion (20%), and enhanced base security about $28 billion (4%), with about $5 billion that CRS cannot allocate (1%). About 94% of the funds are for DOD, 6% for foreign aid programs and embassy operations, and less than 1% for medical care for veterans. In FY2007, DOD’s monthly obligations for contracts and pay averaged about $12.3 billion including about $10.3 billion for Iraq and $2.0 billion for Afghanistan.
The Administration requested $195.5 billion for war-related activities for DOD, State/USAID and Department of Veterans’ Affairs (VA) Medical for FY2008. Congress has provided $90.9 billion for war-related activities as of the FY2008 Consolidated Appropriations, enacted on December 26, 2007. The remaining $105.2 billion of the Administration’s FY2008 war request is pending. On February 4, 2008, the Administration submitted a “placeholder” war request for FY2009 of $70 billion. Details of the new request are not expected until April 2008 when General David Petraeus is slated to make his recommendations about future troop levels.
With the pending FY2008 and FY2009 requests, the total for enacted or requested war funding is about $875 billion.
Although Congress provided only part of its FY2008 war request, DOD estimates that the Army has sufficient funds in regular and emergency funds to finance war costs until early July 2008 and for another one to two months if it uses currently available authorities. Congress has not indicated when it will take up the
remaining FY2008 emergency request, including $101.3 billion for DOD war-needs and $3.4 billion for foreign aid and diplomatic operations. DOD anticipates that the FY2009 bridge request of $70 billion would last until the beginning of a new Administration.
In October 2007, the Congressional Budget Office projected that additional war costs for the next 10 years could range from $570 billion if troop levels fell to 30,000 by 2010, or $1.1 trillion if troop levels fell to 75,000 by about 2013. Under these scenarios, CBO projects that funding for Iraq, Afghanistan and the GWOT could reach from about $1.2 trillion to about $1.7 trillion for FY2001-FY2017. This report will be updated as warranted...."
$700 billion has already been spent on the wars in Afghanistan and Iraq.
Total cost, including future predictions, vary between $1.2 trillion and $1.7 trillion, running through 2017. Even the $1.7 trillion estimate, however, assumes a drawdown of troops to 75,000. Below are links to the estimate, and page 2 of the assessment. (The link to the Iraq War Cost Estimate apparently doesn't work unless you first go to Congressman Michaud's site.
Congressman Michael Michaud's site:
michaud.house.gov/article.asp?id=95
After you get to Michaud's site,
go to left margin under the area labeled ''FEATURES"
then click on:
" >>Report - Iraq and Afghanistan Cost "
"
The Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11
Summary
With enactment of the FY2008 Consolidated Appropriations Act (H.R. 2764/P.L. 110-161 on December 26, 2007, Congress has approved a total of about
$700 billion for military operations, base security, reconstruction, foreign aid, embassy costs, and veterans’ health care for the three operations initiated since the 9/11 attacks: Operation Enduring Freedom (OEF) Afghanistan and other counter terror operations; Operation Noble Eagle (ONE), providing enhanced security at military bases; and Operation Iraqi Freedom (OIF).
This $700 billion total covers all war-related appropriations from FY2001 in supplementals, regular appropriations, and continuing resolutions including not quite 1/2 of the FY2008 request. Of that total, CRS estimates that Iraq will receive about $526 billion (75%), OEF about $140 billion (20%), and enhanced base security about $28 billion (4%), with about $5 billion that CRS cannot allocate (1%). About 94% of the funds are for DOD, 6% for foreign aid programs and embassy operations, and less than 1% for medical care for veterans. In FY2007, DOD’s monthly obligations for contracts and pay averaged about $12.3 billion including about $10.3 billion for Iraq and $2.0 billion for Afghanistan.
The Administration requested $195.5 billion for war-related activities for DOD, State/USAID and Department of Veterans’ Affairs (VA) Medical for FY2008. Congress has provided $90.9 billion for war-related activities as of the FY2008 Consolidated Appropriations, enacted on December 26, 2007. The remaining $105.2 billion of the Administration’s FY2008 war request is pending. On February 4, 2008, the Administration submitted a “placeholder” war request for FY2009 of $70 billion. Details of the new request are not expected until April 2008 when General David Petraeus is slated to make his recommendations about future troop levels.
With the pending FY2008 and FY2009 requests, the total for enacted or requested war funding is about $875 billion.
Although Congress provided only part of its FY2008 war request, DOD estimates that the Army has sufficient funds in regular and emergency funds to finance war costs until early July 2008 and for another one to two months if it uses currently available authorities. Congress has not indicated when it will take up the
remaining FY2008 emergency request, including $101.3 billion for DOD war-needs and $3.4 billion for foreign aid and diplomatic operations. DOD anticipates that the FY2009 bridge request of $70 billion would last until the beginning of a new Administration.
In October 2007, the Congressional Budget Office projected that additional war costs for the next 10 years could range from $570 billion if troop levels fell to 30,000 by 2010, or $1.1 trillion if troop levels fell to 75,000 by about 2013. Under these scenarios, CBO projects that funding for Iraq, Afghanistan and the GWOT could reach from about $1.2 trillion to about $1.7 trillion for FY2001-FY2017. This report will be updated as warranted...."