Wednesday, January 11, 2006

bush's expensive folly

Cost of Iraq war could top $2 trillion: study
BOSTON (Reuters) - The cost of the Iraq war could top $2 trillion, far above the White House's pre-war projections, when long-term costs such as lifetime health care for thousands of wounded U.S. soldiers are included, a study said on Monday.
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Before the invasion, then-White House budget director Mitch Daniels predicted Iraq would be "an affordable endeavor" and rejected an estimate by then-White House economic adviser Lawrence Lindsey of total Iraq war costs at $100 billion to $200 billion as "very, very high."

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In this case, I don't know if the government was lying to us or if they are just painfully incompetent. Of course, since they didn't do any serious planning for the war, that is probably what is causing this disconnect.
Lucky us - we get to pay for it all!