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Trillion cost of war Yahoo! News Story - Study: Iraq War Could Cost $1.9 Trillion >Middle East - AP >Study: Iraq War Could Cost $1.9 Trillion >Fri Dec 6, 3:02 AM ET > >By SIOBHAN McDONOUGH, Associated Press Writer > >In the worst case, a war with Iraq could cost the United States almost as >much as the government spent in the last budget year — nearly $2 trillion, >according to new projections. > >Researchers concluded in a study released Thursday that war with Iraq >could cost the United States from $99 billion to more than $1.9 trillion >over a decade. > >The lower figure assumes a successful military, diplomatic and >nation-building campaign; the higher figure assumes a prolonged war with a >disruption of oil markets and a U.S. recession, the authors say in a study >by the American Academy of Arts and Sciences. > >Both figures assume a U.S. involvement in the country for 10 years. > >White House spokesman Gordon Johndroe said it was premature to comment on >cost estimates. > >"War is the last resort," he said. "We're hoping for a peaceful solution." > >The 1991 Persian Gulf War cost America an estimated $61 billion, but allies reimbursed all >but about $7 billion. By some accounting methods, the United States may >have even made a profit. > >Direct military spending could range from $50 billion in a short campaign >to $140 billion in a prolonged war with Iraq, said the study titled, "War >With Iraq: Costs, Consequences and Alternatives." The study was done by >the academy's Committee on International Security Studies. > >The report cautioned that aside from the estimates of direct military >costs, all the numbers should be "regarded as informed conjecture." > >Occupation and peacekeeping costs could be $75 billion in the best case to >$500 billion in the worst, the study said. Reconstruction and >nation-building costs are estimated at $30 billion to $105 billion, and >humanitarian aid at $1 billion to $10 billion. > >Economic ripples of war with Iraq are likely to spread beyond budgetary >costs, with the prospect of raising the cost of imported oil, slowing >productivity growth and possibly triggering a recession, the report said. > >A prolonged disruption of world oil markets could cost the U.S. economy up >to $778 billion, the researchers estimated. On the other hand, Iraq's huge >oil resources could satisfy U.S. needs for imported oil at current levels >for almost a century and otherwise benefit the economy by $40 billion. > >A short war could actually benefit the United States in terms of its >macroeconomic impact, which includes employment, by $17 billion. A long >war, in contrast, could have a $391 billion negative effect. > >The American Academy of Arts and Sciences, founded in 1780 and based in >Cambridge, Mass., is an international society of scientists, scholars, >artists, business people and political leaders. >

Americans say enough Audit finds 9b dollars unaccounted for in iraq Auditors cant trace 97m earmarked for iraq { May 4 2005 } Bush adds 80 billion to war costs in january 2005 { January 26 2005 } Bush adds another 25b to war funds { August 6 2004 } Bush seeks 25 billion more Bush seeks 70 billion more for iraq Bush seeks 82b more for iraq Bush vows spend whatever necessary { September 7 2003 } Bush will seek 87b more for iraq { September 7 2003 } Byrd nayed voice vote 87b bill { November 4 2003 } Charity claims billions missing from us iraqi funds Costing 1b week Democrats try cut 20b iraq bill Goa rips pentagon atrocious iraq financial management { July 15 2005 } Iraq reconstruction money goes unspent { July 19 2005 } Lacks records for spending a billion { July 30 2004 } No blank check for war funding { May 13 2004 } Pentagon may cut forces in half { September 2 2003 } Pentagon paycuts for troops { August 14 2003 } Public says 87b too much { September 14 2003 } Republicans critical of bush 82b war request { February 17 2005 } Senators hide behind voice vote { November 5 2003 } Spending records on iraq lacking { July 30 2004 } Trillion cost of war War could cost 2 trillion says economist { December 2005 } Files Listed: 26

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