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Strategies & Market Trends : P&S and STO Death Blow's

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To: mongo- who wrote (28540)	2/26/2003 1:14:12 PM
From: mishedlo	Read Replies (2) of 30712

Iraq War Cost Could Soar, Pentagon Says. latimes.com Combined with aid for regional allies such as Turkey, the price tag for the conflict could top the $100-billion mark, twice the war costs cited just last month by Defense Secretary Donald H. Rumsfeld and an amount that the White House dismissed as outlandish last fall. And the tally could rise further. Indeed, some close to the process say war planners have no firm grip on the conflict's final costs, a fact that is causing consternation among administration policymakers as the nation edges closer to war. "It's like watching numbers roll higher and higher on a slot machine," said one State Department official, who asked not to be named. This official said that during recent interagency meetings, White House budget aides "put their hands over their ears and said, " 'We're not listening.' " President Bush's budgets for this fiscal year and next included no money for a war with Iraq. the figures do not include a prolonged occupation of Iraq by U.S. and coalition troops after a war. That is expected to last for years, not the six months reflected in the new estimates. Analysts said the new war cost estimates are particularly troubling because they come as the administration predicts that Washington will continue to run high budget deficits even without the extra cost of a war and at a time when the U. S. economy seems unable to snap back from recession. America's last war with Iraq in the early 1990s cost $61 billion. ====================================================================== And Rumsfeld has this one at $50B when we already gave Turkey $30B! WTF is Rumsfeld smoking. M

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