The flow of blood may be ebbing, but the flood of money into the Iraq war is steadily rising, new analyses show. In 2008, its sixth year, the war will cost approximately $12 billion a month, triple the “burn” rate of its earliest years, Nobel Prize-winning economist Joseph E. Stiglitz and co-author Linda J. Bilmes report in a new book.
Anyone remember these statement by Paul Wolfowitz:
On the cost of rebuilding Iraq
“There’s a lot of money to pay for this that doesn’t have to be U.S. taxpayer money…We’re dealing with a country that can really finance its own reconstruction, and relatively soon.” (3/27/2003, House Committee on Appropriations testimony)
“The oil revenues of Iraq could bring between $50 and $100 billion over the course of the next two or three years…We’re dealing with a country that can really finance its own reconstruction, and relatively soon.” (3/27/2003, House Budget Committee testimony)
“Fundamentally, we have no idea what is needed unless and until we get there on the ground. This delicate moment—when we are assembling a coalition, when we are mobilizing people inside Iraq and throughout the region to help us in the event of war, and when we are still trying, through the United Nations and by other means, to achieve a peaceful solution without war—is not a good time to publish highly suspect numerical estimates and have them drive our declaratory policy.” (3/27/2003, House Budget Committee testimony)
Regarding getting other countries to help fund reconstruction after the war: “I expect we will get a lot of mitigation, but it will be easier after the fact than before the fact.” (3/27/2003, House Budget Committee testimony)