WASHINGTON (AP) - The economic costs of the wars in Iraq and Afghanistan are estimated to total $1.6 trillion - roughly double the amount the White House has requested thus far, according to a new report by Democrats on Congress' Joint Economic Committee.

The report, released Tuesday, attempted to put a price tag on the two conflicts, including "hidden" costs such as interest payments on the money borrowed to pay for the wars, lost investment, the expense of long-term health care for injured veterans and the cost of oil market disruptions.

The $1.6 trillion figure, for the period from 2002 to 2008, translates into a cost of $20,900 for a family of four, the report said. The Bush administration has requested $804 billion for the Iraq and Afghanistan wars combined, the report stated.

For the Iraq war only, total economic costs were estimated at $1.3 trillion for the period from 2002 to 2008. That would cost a family of four $16,500, the report said.




WASHINGTON (AP) - Senate Majority Leader Harry Reid said Tuesday that Democrats won't approve more money for the Iraq war this year unless President Bush agrees to begin bringing troops home.

By the end of the week, the House and Senate planned to vote on a $50 billion measure for operations in Iraq and Afghanistan. The bill would require Bush to initiate troop withdrawals immediately with the goal of ending combat by December 2008.

HMmmmmm,, we will see!!

I have just found that this report released without consulting with Republican Senators may be biased!

Sorry and I retract the insinuation of this Post!!

I wished to post the reasons I retracted this post.

The information contained within still might be true, but I didnt like this part!



"The report, from the committee's Democratic majority, was not vetted with Republican members. Democratic leaders in Congress, including Senate Majority Leader Harry Reid, D-Nev., seized on the report to criticize Bush's war strategy. The White House countered that the report was politically motivated.

"This report was put out by Democrats on Capitol Hill. This committee is known for being partisan and political. They did not consult or cooperate with the Republicans on the committee. And so I think it is an attempt to muddy the waters on what has been some positive developments being reported out of Iraq," said White House press secretary Dana Perino. "I haven't seen the report, but it's obvious the motivations behind it."

Politics as usual!!

I heard on the news the other night it was more like 25 trillion when you add in all that they are not telling you yet.
I cannot remember what all it was. But, I was flabberghasted.
Kat

Luckily they just make it out of paper instead of Gold or something. Just numbers in a computer somewhere. No substance.