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DesEtoiles Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-18-06 02:28 AM
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Past Comments about how much Iraq would cost:

Past Comments About How Much Iraq Would Cost
Earlier this year, experts said the war and aftermath in Iraq would cost hundreds of billions of dollars, a fact the White House refused to acknowledge as valid, even going so far as to fire Lawrence Lindsey for his realistic projections. In September, 2003, Paul Wolfowitz even told the Senate no one said we would know anything other than this would be very bloody, it could be very long and by implication, it could be very expensive." Heres a record of what the administration, in fact, said:

Budget Director Mitch Daniels

On September 15th 2002, White House economic advisor Lawrence Lindsay estimated the high limit on the cost to be 1-2% of GNP, or about $100-$200 billion. Mitch Daniels, Director of the Office of Management and Budget subsequently discounted this estimate as very, very high and stated that the costs would be between $50-$60 billion

When a reporter asked Daniels yesterday whether the administration was preparing to ask other countries to help defray possible Iraq war costs, as the United States did for the 1991 war, the budget director said he knew of no such plans. Other countries are having economic downturns of their own, he said.

Theres just no reason that this cant be an affordable endeavor.

The United States is committed to helping Iraq recover from the conflict, but Iraq will not require sustained aid.

Defense Secretary Donald Rumsfeld

Well, the Office of Management and Budget, has come up come up with a number that's something under $50 billion for the cost. How much of that would be the U.S. burden, and how much would be other countries, is an open question.

I dont know that there is much reconstruction to do.

Deputy Defense Secretary Paul Wolfowitz

I think it's necessary to preserve some ambiguity of exactly where the numbers are.

Top Economist Adviser Glen Hubbard

Costs of any such intervention would be very small.

Budget Director Josh Bolten

We don't anticipate requesting anything additional for the balance of this year.

Past Comments About How Much Iraq Would Cost
The Bush administration promised reconstruction of Iraq could be financed through oil revenue, which they said would provide tens of billions of dollars. However, according to the New York Times, devastated and decrepit production systems leave the country unable to make any significant contribution.
Press Secretary Ari Fleischer: Well, the reconstruction costs remain a very -- an issue for the future. And Iraq, unlike Afghanistan, is a rather wealthy country. Iraq has tremendous resources that belong to the Iraqi people. And so there are a variety of means that Iraq has to be able to shoulder much of the burden for their own reconstruction.

Deputy Secretary of State Richard Armitage: This is not AfghanistanWhen we approach the question of Iraq, we realize here is a country which has a resource. And its obvious, its oil. And it can bring in and does bring in a certain amount of revenue each year$10, $15, even $18 billionthis is not a broke country.

Deputy Defense Secretary Paul Wolfowitz: Theres a lot of money to pay for this that doesnt have to be U.S. taxpayer money, and it starts with the assets of the Iraqi peopleand on a rough recollection, the oil revenues of that country could bring between $50 and $100 billion over the course of the next two or three yearsWere dealing with a country that can really finance its own reconstruction, and relatively soon.

Defense Secretary Donald Rumsfeld: If you the cost, the money, Iraq is a very different situation from AfghanistanIraq has oil. They have financial resources.

State Department Official Alan Larson: On the resource side, Iraq itself will rightly shoulder much of the responsibilities. Among the sources of revenue available are $1.7 billion in invested Iraqi assets, the found assets in Iraqand unallocated oil-for-food money that will be deposited in the development fund.

Defense Secretary Donald Rumsfeld: I don't believe that the United States has the responsibility for reconstruction, in a sense funds can come from those various sources I mentioned: frozen assets, oil revenues and a variety of other things, including the Oil for Food, which has a very substantial number of billions of dollars in it.
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DesEtoiles Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-18-06 09:17 AM
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1. morning kick - I posted this in the wee hours
Edited on Tue Jul-18-06 09:17 AM by NormaR
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