Posted by AzBlueMeanie:
In the run-up to the Iraq war there was little serious discussion about what this war of choice by the Neoconservative Bush-Cheney administration would cost. When Lawrence Lindsey, President Bush’s economic adviser, suggested that it might reach $200 billion all told, Secretary of Defense Donald Rumsfeld dismissed the estimate as “baloney.” Deputy Defense Secretary Paul Wolfowitz went as far as to suggest that Iraq’s postwar reconstruction would pay for itself through increased oil revenues. Rumsfeld and Office of Management and Budget Director Mitch Daniels estimated the total cost of the war in the range of $50 to $60 billion, some of which they believed would be financed by other countries.
The true cost of the war in Iraq, according to our calculations, will, by the time America has extricated itself, exceed $3 trillion. And this is a deliberately conservative estimate. The ultimate cost may well be much higher. The $3 Trillion War | Politics | Vanity Fair (Excerpted from The Three Trillion Dollar War, by Joseph E. Stiglitz and Linda J. Bilmes, W. W. Norton & Company, Inc. © 2008).
The White House uses the cash basis accounting method of the Pentagon to put the cost of the Iraq war By the Numbers: $1 Trillion:
In the coming days, the final troops will cross the border out of Iraq and America’s war there will end. Over nearly nine years of fighting, tens of thousands of American troops who were wounded, and 4,500 lost their life in service to our country. The war cost $1 trillion.
American is safer and stronger because we ended the Iraq War, as President Obama promised to do. But now it’s time to invest in the American people. We must work on creating jobs, rebuilding our strong middle class, and sustaining the growth that supports our prosperity and leadership around the world.
Part of ending a war responsibly is standing by those who have fought it and providing all who served with the care and benefits they have earned. And, President Obama is enlisting our veterans in the mission of rebuilding America by funding a post-9/11 GI Bill that helps our veterans and their families pursue a college education, and creating jobs for our veterans so they can become the backbone of the middle class.
If we come together to tackle the big challenges that we face with the same sense of common purpose that our troops showed in Iraq, there’s nothing we can’t do as a country.
President Obama met with Iraqi Prime Minister Nouri al-Maliki on Monday to discuss the end of the Iraq war and the steps necessary to realize a new phase in the relationship between the two countries. President Obama Welcomes Iraqi Prime Minister Nouri al-Maliki:
Since the President has taken office, nearly 150,000 U.S. servicemembers have left Iraq, and hundreds of bases have been closed. Before the end of the year, the last of our troops will cross the border and return home. After nine years, the war is over.
Before answering questions from reports, President Obama said:
Today, I’m proud to welcome Prime Minister Maliki — the elected leader of a sovereign, self-reliant and democratic Iraq. We're here to mark the end of this war; to honor the sacrifices of all those who made this day possible; and to turn the page — begin a new chapter in the history between our countries — a normal relationship between sovereign nations, an equal partnership based on mutual interests and mutual respect.
Iraq faces great challenges, but today reflects the impressive progress that Iraqis have made. Millions have cast their ballots — some risking or giving their lives — to vote in free elections. The Prime Minister leads Iraq’s most inclusive government yet. Iraqis are working to build institutions that are efficient and independent and transparent.
Nearly 4,500 Americans lost their lives in the Iraq War. After the press conference, President Obama and Prime Minister Maliki visited the Arlington National Cemetery where they participated in a wreath-laying ceremony at the Tomb of the Unknown Soldier.
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